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

To: JACK R. SMITH JR. who wrote (10306)	5/6/1999 9:42:00 PM
From: JACK R. SMITH JR.	Respond to of 14226

Jack, Just let me add in responding to myself that no person, entity, etcetera formerly associated with this company has left. Persons associated with personal appropraition in relation to the questionable catalyst remain as they were with no return of the appropriated stocks. Results remain as they were--No change. We continue peeling the leaching onion, and all is well, except with the price of the stock and the value to current shareholders. Well, Damn, there is a problem with the furnaces and the rectifiers, but hey, I am used to that and next will be the lurking problem with discharge. Here is the Jensen scenario--Fantastic promise--failue--excuse--denial--New fantastic promise, failure, excuse, denial--etc, Ad Nauseum-- Anybudy wonder at the stock price--How many times have I preached credibility, result, respectability-- The credibility of this company is evident in the market--Just look-- Damn Sad, Jack!

To: JACK R. SMITH JR. who wrote (10306)	5/6/1999 10:43:00 PM
From: Karl de Pina	Respond to of 14226

Jack, Let's check your math. My handy conversion chart says one short ton (2,000 lbs.) equals 907.1848 kilograms. Therefore, $597,000 per ton equals $658.08 per kilogram. Or $1,316.16 per two kilograms. Yep, Jack is right again. All replies welcome, but any personal attacks will be ignored. Karl de Pina "Just the facts, Ma'am" - Jack Webb

To: JACK R. SMITH JR. who wrote (10306)	5/7/1999 12:02:00 PM
From: Ed Fishbaine	Read Replies (3) \| Respond to of 14226

Jack You are correct in your complaints about the lack of change in management and in share structure. But I do not agree with you regarding the production situation. You know very well that with limited funds the gearing up process which McKay is implementing takes time. Whatever delays are occurring are due to McKay not Jensen. The fact is that Jensen has nothing at all to say about production and development. He is out of the loop. As far as production goes, the 4.4 pounds is not the way to assess production. A 1000 pound shipment which yields $597,000 worth of metal is when the calculations should begin. Twiford's calculation is that it would take 140 tons of head ore to make 1000 pounds of anode sludge. The cost for materials would come to $145,000 and it would take about 2 weeks at a rate of 10 tons per day. I dont think the $145,000 includes the cost of labor. So adding $5,000 for labor brings operating costs to $150,000. So, operating net would come to $447,000. Refining costs of say 20% bring us down to $357,000. The margin is considerable don't you think? Jack I recognize your patience. Have a bit more. If it doesn't happen by sometime this summer then GPGI is out of business period. And then all your misery will cease. Ed