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


To: Zeev Hed who wrote (10552)5/25/1999 4:50:00 PM
From: Ed Fishbaine  Respond to of 14226
 
Zeev

You miss my drift. It takes credibility and what would make GPGI credible. Think about this.

Re the $35,000 a week I agree. At 280 tons head ore to make 1 ton of sludge, $35,000 per week indicates 18 shifts processing 98 tons of raw ore per week. This is less than we had hoped. I guess this is what is repeatedly meant when they speak of the problems and delays etc in furnacing.

Let's hope that the new leach/precip process which by-passes furnacing works out. The increment to production would then be phenonmenal ---from 98 tons per week to 120 tons per day, if I understand it correctly.

By the way, I do know several people who are long term in GPGI and some of them really do not believe anything. Everything coming out is false, a scam, the returns are salted or all inquart, a P&D operation (ironically it is they who are the D part). They are Mazarella to the 10th power.

Thus the returns of lost credibility.

Ed



To: Zeev Hed who wrote (10552)5/25/1999 5:44:00 PM
From: Bob Walsh  Respond to of 14226
 
Re $35,000 per week - I don't think Mike meant that that was all they could produce, rather it is the amount required to be profitable and is the same number that was used 9 months ago.

Regards,
Bob