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

To: Bob Walsh who wrote (10516)	5/24/1999 9:15:00 PM
From: Zeev Hed	Read Replies (4) \| Respond to of 14226

Bob, let me put it this way, if they have only $1000/ton of goodies in the beneficiated ores, and it cost them $500/ton to get these out, the pile itself is worth $25 MM, and since the Hassayampa alone has another 15 MM of unscreened ore which should yield at least 5 MM screened stuff, there is 10 times that much just there. Take only half for discounting time and you have a "present value" of about 150 MM. All that is nice and dandy, but can they do even that? Maybe if they can ship 1000 lbs of the slime, the market may start and believe. If that happens, then the market will start and look at the other two properties as well. I just want to warn everyone that if we throw on the market thousands of ounce of Rh, the price will drop like a stone, since the total demand per year of Rh is only few thousand onces, if memory serves. Anyone has that number? Zeev