International Precious Metals (IPMCF) Message Board

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

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To: Furry Otter who wrote (23937)	10/31/1997 10:00:00 PM
From: E. Charters	Read Replies (2) of 35569

I don't think you are a lawyer but you are litigally trained. IPM is outrageously negligent in its claims or they would not have been booted from the TSE. Say what you want but the TSE and VSE have the stiffest regulations in North America now. I think the VSE is too strict actually. It may interest you to know I did business with these guys in 1987 when they were International Platinum on a property north of Thunder Bay. I don't have anything damning on them form that denbacle but I was slightly uneasy about some things. Lets us say P-R-O-M-O-T-I-O-N. Like not assaying the property and not visiting it was ok to make decision on optioning it. You could make announcements but actual deals were unecessary. (an old VSE trick). Lobster dinner and the airplane flight were entertaining though. In 1995 the Black Rock property was optioned as a gold-silver-rutile property. The option deal mentions no dollar figure at all but says they could earn 80% by placing the property into production at 10,000 tons per day. It said that they planned assaying optimization before drilling in 1995. Seem like they anticipated their assaying breakthough well in advance. sigh...

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