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 (2370)	2/15/1997 10:21:00 AM
From: Zeev Hed	of 35569

Daniel: I wish I could, but I am left with using sales only because no one knows or can project the cost of extracting the stuff. I have done a rough calculation for GPGI, and it was highly profitable because their goodies concentration is in the range of few ounces per ton, not fractions of ounces. Since IPMCF's ore cannot be processed by standard heap leaching, but needs, apparently a high temperature process and extremely fine grinding ( the last news release?), you can expect the cost to be high. GPGI grinds just to 100 mesh. Zeev

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