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Gold/Mining/Energy : International Precious Metals (IPMCF)
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To: J.E.Currie who wrote (397)11/10/1996 1:45:00 AM
From: C L   of 35569
 
Jim, Thanks for your comments. I think the problem is not so much that some people think that the technology won't come along as much as it's the dis-belief that the metals are there. The Cdn. labs have a standard fire assay and if it doesn't show pay, then the metals aren't there. As Groves points out -- there are a lot of chapters in the assay manuals and they are there for a reason. I spent 3 days with a metalurgist that works with these strange mineralizations and he tells me the worst masking agent is rhodium. If you don't drive off the Rh., it will burn off or mask the rest of the metals. Simple enough,if you understand it and prepare for it. If you don't make provisions for it -- no pay. IMO someone will come up with a fire assay that will work and then things will start improving. I thought Naxos had it covered when the Ladoux report came out, then the Chemex tests blew that out. I think there will be a re-run somewhere in a Canadian lab and perhaps it will go better this time. That Chemex thing was a comedy of errors.

Best of luck with your stock, one of them will make the breakthrough and make it easier for the rest.

Anybody watch that fight tonite????. I am still in shock over Tyson getting beat like that. Holyfield had it won before the TKO. Just goes to show you -- you never can predict everything.

Hope everybody is having a good weekend.

C L
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