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Gold/Mining/Energy : Delgratia Mining (DELGF)

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To: Randy Giese who wrote (178)4/12/1997 4:19:00 PM
From: Richard Mazzarella   of 532
 
Randy, IMO his call on IPM is a very good one. That will be the leader of the desert dirt pack. All the others will draft in its wake. I have no doubt of the good investment value of IPM. They have solved the difficult mineralization of their dirt the way the early leach guys brought companies like Glamis into production. The ore is only difficult until someone discovers the methodology. I am certain that even though Maxam reports standard fire assay of 0.05 OPT that they will be able to crack their ore for 0.2+ OPT the same way IPM has (I have seen the data). You may be getting hung up on all the initial false starts that IPM has had in the past, but I think they finally got their stuff together. Enough so that I bought it.
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