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

To: san antonio group who wrote (10133)4/13/1999 2:04:00 AM
From: WLAVEL  Respond to of 14226
 
Hi SAG,

Picked up on the numbers today....I will recheck on Tuesday and
see if those figures hold up...Got them from person on site.

A few months ago they estimated to finish off the year around
300,000 ounces and estimated going to a million around 2001.

Yesterday fellow told me they had far exceeded both estimates. Will
try to get year end statement for 1998 from corporate hqs.

They are currently drilling tunnel about 2 or 3 miles long to come in at their main ore body from another direction..I believe this is what
the predicate the increase in ounces on.

wl



To: san antonio group who wrote (10133)4/13/1999 11:03:00 AM
From: WLAVEL  Respond to of 14226
 
Hi Sag,

Year end report for 1998 available , call 303 352 2060 in Denver.

Ounces per ton as per report was 444,000 ounces. 75%Palladium and
25% platinum...

Estimated production by year 2001 is 1.2 million vice 1.9 million ounces per ton.

They are big numbers.

WL


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