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Gold/Mining/Energy : International Precious Metals (IPMCF)
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To: Tom Harper who wrote (3956)3/12/1997 12:09:00 AM
From: Eric Tai   of 35569
 
Tom,
Your 6 questions in your last post are excellent because a lot
of us may have similar questions.

But this current question of <<<why not send the powder or sludge or whatever the actual end result is ,to a refiner /smelter and get the 2 grams or more of gold back and then put out a news release that would put these people where they belong and at the same time pacify shareholder concerns once and for all?>>> is not as good.

If IPMC sent a slugde made from a ton of raw material and sent
to a refiner and get 0.25 oz of gold, will everyone be satisfied?
No, I guarantee you. Instead there will be a ton of questions
being asked. How do I know that the sludge is made from one
ton of raw material (may be you are using 10 tons of material)?
How do I know that the sludge is not made from 1 ton of material
from other ores? How do I know that you did not add gold flakes to the sludge? .....The only way to answer all these questions is to have
a big engineering firm going through the recovery procedure to
recover the gold and then verify and endorse it.

That's why IPMC asked BD to verify and endorse the recovery proces. Hopefully
BD will endorse the process and once and for all
prove it to all investors that this 0.25 opt is a
real and economically recoverable grade.
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