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

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To: Zeev Hed who wrote (2)9/2/1996 9:23:00 PM
From: Daniel M. Whipple   of 35569
 
Zeev: Your calculations are based on the 1 sq km - 100' deep. This project has more than 6 grids of equal size. The mineralization of the 1 grid is open on all sides and depth. The requirements to achieve the 50% ownership should not be hard or costly to achieve.
Your calculations do not give any credit for the hard rock area. These results have not been released. These results may project the stock upward (future upside). The inital shows that in the 1st grid the mineralization Probably extends to 300'+- before hitting bedrock.
When you review the press releases (looking for reasoning to what is happening),I see that everything was on schedule until they supposedly location the host rock. At this point they suspended the drilling program on the other grids, to focus on the supposed host rock.
I am trying not to be so positive. I am not trying to convience you. I would like for you to critique my assessment. I feel that if the host rock had not been suppossedly located, this project would be well into the 3rd/4th grid. The next press release will probably contain the assays on the deep drillings on the 1st grid and host rock area, a project report from BD,next drilling program.
All the additional grids,depth,host rock, improved extraction,none of these do you feel would possibly produce any upside to the stock price?

Regards,
Daniel
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