International Precious Metals (IPMCF) Message Board

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

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To: Daniel M. Whipple who wrote (14)	9/4/1996 10:00:00 PM
From: Eric Tai	of 35569

Daniel, I also like their using BD as the engineering firm and using standard fire assays by Canadian labs which will make the Canadian regulators a little bit more happy. Aso I like the way they approach the exploration using a very systematic way, divided the 6 sq.km into 6 parts, drill 11X11 holes on the first sq.Km, fire assay, recovery test, then infill drilling, then feasibility report. If they are able to finish their feasibility report with DB, it will give the investors much more confidence. I agree that in general they do not hype their stock - which is the way I prefer. Regarding your response to Zeev, I agree that you may project the 1 sq km to 6 sq km and from 100' depth to several hundred feet. But being more conservative, I would prefer to take those as potential only and stick with the area that has been drilled and assayed. Daniel, you mention that they will announce the recovery test and assay results in a couple of months. Did they tell you that? I am a bit worry how long the recovery testing will take. If it takes too long, the investors will lose patience and start dumping the stocks and it may also affect the deadline for the feasibility report. Eric

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