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Gold/Mining/Energy : IPMG - International Precious Minerals Group
IPMG 0.00010000.0%Mar 7 3:00 PM EST

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To: rrufff who wrote (131)9/28/2005 8:12:39 AM
From: rrm_bcnu  Read Replies (2) of 799
 
rrufff,
I am familiar with hyper-spectral imaging... in fact E-Systems was a leader in hyer-spectral processing back in the 1980's. Hyper spectral is effective for surface mineralization, but yields little for deposits at depth. EKWX is exploring regions of the Comstock area that have been looked over for years. I suspect there is more gold, but not like Kupol in Russia (Bema Gold), Alumbrera (NTO and GG)in Argentina, or Essakane and Kossa (OZN)in West Africa. IPMG has the potential to discover mineralization in Cambodia that no one has ever explored. We know there is plenty of gold in the region. The ancient temples there were covered with it for over a thousand years and the Chinese were very interested. They got kicked out by the Khmer Rouge.

Another reason I hesitate to drop money in a US miner is cost. The cost of production is significantly higher in the USA. That translates to weaker profits and thus weaker prices.

Just my cursory opinion, though I haven't really done DD on EKWX. I have all my precious metals money in GG, BGO, NTO, OZN, and IPMG.

cheers

Rick
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