Robert: They made a decision to go ahead with the electrolytic process. This was necessary because they failed to develop an efficient leaching process, which would have been the way to go for large production. They still will work on leaching, but they have decided to generate cash flow by using the other approach. So, that meant that they needed additional tanks and, I believe, more furnaces to pour the anodes. It is an evolving process. The tough nut to crack, apparently, is to refine the sludge. No one wants to buy the sludge unless they hand them a long-term contract, which is understandable. The refining process will have to be fine-tuned to the GPGI sludge characteristics. On the other hand, the company
doesn't want to tie their hands by signing a long-term contract. So, the company is trying to develop a refining process, or partial process. I just hope and pray that they can solve the problems of refining this sludge. Perhaps Zeev can shed some light on what their chances are. I have a question also. IPM tried to produce a 'dore'
bar. I take it that this is a bar containing a mixture of precious metals, or is it all gold bullion? Can someone enlighten me about dore bars? Don't have any around the house. Thanks, Lee |
