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

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To: Gerald Walls who wrote (20097)	9/8/1997 8:01:00 AM
From: Karl Zetmeir	of 35569

I spoke with Eli a week or so ago. He assured me several exciting announcements would be made during the month of September. The result of these announcements would be to remove the "contentiousness" surrounding IPM. I interpreted his statement being the announcements would be so profound and documented the naysayers will no longer be able to question or argue the veracity of the IPM story. We also discussed briefly the venue of the announcements. Location was discussed. Obviously they want to maximize impact as well as appease the greatest number of gorillas. New York, Toronto and Phoenix were mentioned. Also mentioned was an internationally recognized lab in Tucson that apparently BD has been using. They have "seen the light" and are also anxious to be on the bandwagon. My thoughts are that Tucson might also make an appropriate venue for a Press Conference for lab findings. First out will be the Preliminary Report ... the one that will be explosive. Some 45-60 days later will come a full report chock full of facts and figures (probably verrrrrrry boring reading) which could be in excess of 100 pages. With validation of the assay protocols by BD, the reassay by the "certified" assay procedure will begin on over 2,000 samples. There's no use to start them until the "certification" is total ... otherwise the samples will have to be re-done again. Chain of Custody and validation are everything here ... IPM wants no questions regarding the accuracy and veracity of the assay and recovery procedures to exist from here on out. After the re-assays is complete, the resource calculations can proceed. IMO ... with every new release of resource calculations, the stock will continue it's upward climb. Relax folks (easier to say than do!) ... we're almost home.

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