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Gold/Mining/Energy : International Precious Metals (IPMCF)
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To: Karl Zetmeir who wrote (26166)11/14/1997 8:36:00 PM
From: strenlich   of 35569
 
Another thing I forgot to mention is that there is a whole sub-culture
of small, independant, recovery systems out there in Nevada, Utah and
Arizona. The system I recovered the .2 from was seriously being concidered for commercial purposes when through networking another
system was discovered which could recover .5.Again this was from the
same ore assaying @ .05. Luckily I ran into financial/management problems at the time and the second system had to be abandoned. The first system's recovery costs were about US $120/oz while the second
system's recovery costs were about US $85/oz. I say lucky because I
am now looking into a system CLAIMING they can recover over 5oz Au/ton
and 5oz pt/ton, again on the same ore. It sounds ridiculous but still
worth investigating with third party looking over my shoulder. I guess
my point is that things can change DRAMATICALLY with these ores towards the upside as well. Suppose one of these sub-culture recoverers asked to run IPM ore through their system and IPM agreed
and it blew the old numbers out of the water. The whole confirmation,
Bateman, BD structure would have to re-calibrate to the new system.
If one of these guys did "come in from the cold" it would be to a group like IPM not to the Barricks,Charters Etc. who have been telling them they're crazy all their lives. I am not too optimistic about this scenario but stranger things have happened and could happen any day.
regards-strenlich-
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