International Precious Metals (IPMCF) Message Board

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

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To: kimberley who wrote (26155)	11/14/1997 5:28:00 PM
From: Bob Markley	Read Replies (3) of 35569

Kim, Hi, ... well the numbers do seem to look bad since they are not what the people had been expecting. Six COC samples that average .0368 opt by my calculation and they have a fire assay method to verify future samples. Pt values are not yet in. A heap leach mine needs only .O2 opt to be economical. Bema in chile has 22 million oz of .20 material in Chile. The key is the tonnage. IPM has a min of 250 ft/grid of COC .O368 material. That's 9.2 million oz of gold/ grid. In 5 grids that's 46 million oz of gold. On a potential 5 BILLION tons of material that's 184 million oz of Gold. This is what could be determined in a modified fire assay, ... the actual recoverable grades could be much higher and the amounts of PT, grades unknown at this point in time, would be a bonus. Take Care, Bob

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