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Gold/Mining/Energy : Global Platinum & Gold (GPGI)

GPGI 24.46

+6.1%

Feb 6 9:30 AM EST

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To: Lee Bush who wrote (67)	7/15/1996 12:34:00 PM
From: Victorio	of 14226

Lee IPMCF was delisted from Toronto exchange in 1994 because of same problems Naxos is encountering today regarding fire assays. Completely new management came in shortly thereafter. I just heard that Kilo may be delisted from ASE because they refuse to have fire assays on their samples. IPMCF president is from Australia where arrid conditions are similar to Arizona. In fact, I understand in last 5 years all gold discoveries have not relied on fire assays but other methodologies. IPM brought in Behre Dolbear to verify and oversee everything so that they would never again encounter the problems they ran into in 1994. BTW Allen & Co. is looking to do a big PP in Naxos. GPGI, IPM, Kilo & Naxos are all in the same boat.

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