International Precious Metals (IPMCF) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : International Precious Metals (IPMCF)

Public Reply Prvt Reply Mark as Last Read File

Next 10PreviousNext

To: Daniel M. Whipple who wrote ()	9/2/1996 6:48:00 PM
From: Eric Tai	of 35569

Zeev, the recoverable grade I meant was that IPMCF use a concentration process such as chloride leaching or Knelson concentrator to make a concentrate from the head ore. Then they use standard fire assay to find out the grade there. From it, they were able to calculate back the original ore grade - which is the recoverable grade. Yes, I agreed with you that the material they sent out did not have real details about how they do the chloride leaching. The Apr 17 news release of IPMCF indicated a recoverable grade of 0.046 opt of gold and a 0.090 opt of Pt using the chloride leaching method, so the combined grade of gold and Pt is 0.136 opt. Using a rough figure of US$400 for both Au and Pt, per ton of ore worth about $54. In the June 4 news release, IPMCF use Knelson concentrator to prepare the concentrate and was able to improve the recoverable grade to 0.066 opt of Au and 0.126 opt Pt. This is a combined grade of 0.192 opt of Au and Pt. Again using an approximate figure of US$400 for both Pt and Au, per ton of ore worth about US$76 (which is a near 40% improvement of the April result). Yes, they also mention about the Pd grade in June and to simplify the comparisons I have not taken it into account for the above calculation.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Next 10PreviousNext