International Precious Metals (IPMCF) Message Board

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

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To: Bill Jackson who wrote (24070)	11/2/1997 6:51:00 PM
From: go4it	Read Replies (1) of 35569

Bill, Are you still shorting the stock ? I couldn't resist after that Jerry Gach post. I'm glad to hear you saying that you don't believe that IPM is a scam. This is what I posted in a previous post. December 15, 1995 IPM made a press release. In that press release the following paragraphs appeared : "Behre Dolbear & Co. Inc., mining engineering consultants, currently provide management and technical oversight of the BRX Project under a long term contract to IPM. They performed a "due diligence" examination of all phases of IPM's drilling, sample handing and assay program and concurred with the selection the independent assay laboratories used for precious metal determinations. I am under the belief that people who are coming to this thread and bad mouthing the company saying it is a scam are of three varieties. 1. Shorters 2. Someone that has not done proper evaluation of what all sides are saying. 3. Those who refuse to believe anyone but Coggins. There are many high grade deposits in the US west. When I lived in Idaho, I went camping in the Sawtooth Mountains. There was a very interesting machine that floated on the river with a series of scoops on the front and a discharge conveyer on the back. As it dug it's way down the shallow river it would dig out the dirt in front, seperate the gold and discharge the rest behind it. The operation was haulted for environmental concerns but there was a sign there that explained that this machine removed $40MM worth of gold in a 1 mile stretch of the river when gold was only $35/oz. I know this is not relevant to IPM but why is it so easy to believe this and all the other mining operations but it is so difficult to believe IPM when the proof is there. There is a history of high gold concentrations being removed from the surrounding mountains. The engineering consultants each performed a due diligence prior to accepting work. So why can't people see this is for real ? Why do they continue to believe and rely on information provided to them by an unqualified person that runs a rock museum who didn't even make it through the topsoil when he took his sample? Why do they find it so easy to believe those people that are relying on the information from this source but they can't believe or disprove what I am saying when I sight examples of this not being true ? I just don't understand what to say to get people to start looking at IPM unbiasedly. Can you help? Chuck

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