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

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To: Claude Cormier who wrote (867)12/20/1996 1:59:00 PM
From: Ron Struthers   of 35569
 
Hello Claude

IMO, there is little doubt that BD will sign off on these grades. IPM has been working close to BD for years. I also know IPM management is very conservative and they would not put out a press release unless it could be fully substaniated by BD or any other scrutinizer.

Because of their conservatism, I would not be surprised if things are better than reported, just a hunch.

What I think is key here is this is a break through to get the ball rolling, we have been sitting on the bad news from the AGM for a long time. What we will now see is a continous flow of news (assay's, recovery, pilot plant results, refinery payments results etc.) As you know junior mining exploration companies thrive on news and in IPM's case I think it will be very good news.

The more news the more investors/markets will be convinced and a higher share price to follow. On a cautionary note, I might add any bad news would have its effect as well, but I believe this is behind IPM.

IMO, IPM is still very cheap.

Oh ya, Buzz still says "IPM Infinity and beyond" This guy is becoming quite popular, sold out in Europe and heard he sold at an auction in London for $285. I know there is a lot of IPM shareholders in London. I hope I was not the cause of this price increase for Buzz.

Good luck to all and have a Happy/Properous Holiday. Don't forget your Buzz action figure for your little ones.

Maybe we could all chip together and get one for CL, I think he deserves it

Ron/Buzz
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