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Gold/Mining/Energy : Global Platinum & Gold (GPGI) -- Ignore unavailable to you. Want to Upgrade?

To: Scott Wheeler who wrote (10004)	4/6/1999 10:31:00 PM
From: geoffreycs	Read Replies (1) \| Respond to of 14226

Dont forget your point 2 the high valuations need PROVEN reserves

To: Scott Wheeler who wrote (10004)	4/7/1999 9:21:00 AM
From: Bob Walsh	Respond to of 14226

Scott and all. Here is my spreadsheet whereby I came up with my numbers. I only used 50 tons per day because the numbers get too big. I put in several assumptions (the biggest is that the values of the samples continue)including the following assumptions: refiner costs are similar to those previously used by GPGI, Operating costs (chemicals & other operating costs) are similar to those previously used by GPGI and monthly overhead at 50 ton per day level is $38,000. "Net to GPGI/oz" is the oz per ton x the mkt value per oz less the refiner cost per oz. Annual profit at 50 ton per day is: ("Net to GPGI" less $500) x 50 tons x 5 (days/week) x 50 weeks minus ($38,000 x 12). Market Net Less Annual Profit Silver Gold Plat Pall Rhod Value to $500.00 at 50t/day Mkt value/oz $5.00 $290.00 $360.00 $350.00 $875.00 GPGI Operating Refiner cost/oz $0.70 $3.00 $14.00 $10.00 $100.00 Costs after deducting Net to GPGI/oz $4.30 $287.00 $346.00 $340.00 $775.00 Per ton monthly OH of $38,000 Assay results from Sabin - Ounces/ton screened ore Sample # 1 0 3.39 2.18 0.86 2.1 $3,906 $3,647 $3,147 $40,456,430 2 45.8 2.86 1.01 1.51 1.13 $2,939 $2,559 $2,059 $26,316,590 3 0.5 2.16 1.97 0.85 1.53 $2,974 $2,776 $2,276 $29,135,770 4 0.69 3.07 1.22 0.63 2.57 $3,802 $3,509 $3,009 $38,663,080 5 0.62 3.2 2.23 2.69 2.67 $5,012 $4,674 $4,174 $53,803,790 Sample 1 is from Hassayampa & was pretreated Sample 2 is from Oro Grande with no pretreatment Sample 3 is from Weaver Creek with partial pretreatment Sample 4 is from Hassayampa with partial pretreatment Sample 5 is from Hassayampa & was pretreated