International Precious Metals (IPMCF) Message Board

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

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To: C L who wrote (2009)	2/4/1997 9:57:00 PM
From: BobS	of 35569

CL (or anyone else who can answer.....) I've just ventured out of the Naxos thread to read other Desert Play threads. I've visited IPM's web site and read the last several hundred posts on this thread. Can you confirm some info for me? Does IPM own rights to a total surface space of 6 sq km? From the 12/19 Press Release it appears that a fair assumption is each sq km contains 50 million tons of BRX (to a 30 meter depth). Is my math right that IPM potential has 300 million tons of BRX to mine? Are the recovery methods (expected methods) the same for IPM and Naxos? If not, can you summarize the differences What is the difference between proven, probable, and possible recoveries - as viewed by an investor? I.E. is there a discount % applied to a company that has only probable recoveries as opposed to proven recoveries? Thanks. bobs.

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