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

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To: Bill Christie who wrote (3740)3/9/1997 10:12:00 AM
From: Mark Bartlett   of 35569
 
Bill,

<< Just wondering, Mark. Have any of these "desert dirts" actually sold any of their "ore/dirt" or even have a contract to do so, that you know of?>>

I believe that if you go to the GPGI thread, they just put out a release indicating that they have in factjust done this with the Royal Mint of Belgium.

IMO there is no doubt whatsoever that the metals are there .... the real issue for many of us has been whether they could be _economically recovered. The fact that GPGI has sold some of their material and received income from it - albeit in small amounts only - suggests to me that these are gradually becoming more credible ... as one makes advances, the others seem to benefit. Witness MAXAM and GPGI over the last week.

These plays are in their infancy stage as we speak .... but if IPM is successful - and we should know in about 6 weeks - this area will explode like nothing ever witenessed before ... the face of mining will be changed dramatically.

MB
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