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Gold/Mining/Energy : Hype Stocks

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To: The Barracudaâ„¢ who wrote ()3/23/1997 4:57:00 PM
From: Randy Giese   of 21
 
Robert, post your views on IPMCF. Personally, if it is nothing more than hype, it seems odd that it has the following factors in its favor:

1. Institutional Backing
2. Desired association with a reputable mining firm (Behre Dolbear)
3. A sign off by Behre Dolbear that indicates precious metals do exist at their BRX property.
4. Management team that has had past success in other mining endeavors.

Please categorize exactly what you feel is wrong with IPM. Here is a possible list:

1) A deliberate scam
2) Precious metals do not exist in a ore deposit like BRX
3) Recovery is not possible with any known technology.
4) Recovery may be possible but extraction costs will be high.
5) Company has not put any metal on table to date

My belief is that this is now crunch time for IPM. Either we will see recovery numbers audited by a third party by May 1 or this company will be under siege by its shareholders as well.
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