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Gold/Mining/Energy : International Precious Metals (IPMCF)
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To: Alan Vennix who wrote (26194)11/14/1997 6:14:00 PM
From: Raye Derickson  Read Replies (2) of 35569
 
Alan...agree with you that "the potential is still here to recover significant amounts of metal". Although this latest limited # of samples reflect about the same opt of Au as the original B-D sign-off, we also have the Ag, AND even as far back as the 1995 Annual Report it was reported that the platinum numbers were twice that of gold:<<At the request of IPM, independent assay labs routinely analyzed for platinum as well as gold. Average recoveries were 0.046 oz/short ton (1.46 grams/metric ton) for gold and 0.090 oz/ton (2.88 grams/metric ton) for platinum. These results, although economically attractive, will unquestionably progress to better efficiencies and increased recovery.>> This last sentence sort of "bites" but we are far from realizing ALL of the results of ALL the samples for gold. Wish we had more samples reported today..what?...9 friggin' samples!! Can we judge the entire gold content of the property on 9 friggin' samples (and only six of those COC)?? Let it be said by someone, and I ain't no expert, but it may very well be that the platinum numbers, if recoverable >0.1opt, will eventually impact the bottom line more than anything else.
No scam here folks!! Raye
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