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

To: d:oug who wrote (10153)	4/14/1999 10:17:00 PM
From: JACK R. SMITH JR.	Read Replies (2) \| Respond to of 14226

Doug, Just reading Bob Walsh's new summary and have a couple of comments. While I laud his effort, I wish to make a correction. GPGI has never to my understanding conducted a coordinated drill program on the Oro Grande. They have relied on samples taken from different levels in the mine and from an old water well core drilled years ago. Certainly the proprety in my mind represents an anomalous and potentially valuable source of PGM's, particularly in osmium and iridium. The ratio between pt/pd is skewed, as is the rh values. Frankly, I am amazed that the company continues to dink around with the reporting of amazingly high values in all ores when an approach of mining the unglamorous values present on the Oro Grande would have(conventional process) would have made the company profitable beyond imagination. At an average value of .20 oz per ton, they could have been profitable on gold alone on the oro grande and we are talking conventional values here. Average in the .80 PT and .12 PD and the anomalous but extremely high values for OS and IR not to mention RH and either I have been mislead or we have failed to cap on a winner. At worst, get a heap leach permit and work the ore. Send the concentrates out and get some flow going. Pie in the sky values are crap when you need to make a buck! We need to make a buck and our shareholders are sucking wind. Stolen shares need to be returned and then when profits roll in we can relax and have a good time!! Sucking wind, Jack!! P.S--for Bob who do we lease the Weaver Creek property from, and what is the exact status of our agreement on the Hussayampa property? Oro Grande 150 patented acres owned and approximately 1000 acres of claim on public land?