Karl, my regrets. To all and sundry.
This is really clear people.
The assay methods used by Bateman were developed by IPMCF, a lot of crooks with some really technical explanations. I am surprised they released the fact that the process is is NO WAY commercailly viable, Bateman likely "insisted" just to "CYA".
<<Bateman has indicated that this testing should not be used for the purpose of calculating a resource. >>
The words "heap leach" have ABSOLUTELY no place in this discussion. If heap leach was viable we wouldn't be talking would we.
The amounts of gold proven are so ridiculously small from such a long complicated, expensive, process that you would have to be blind to not see you have been completely had at this point.
IPMCF is going to get hammered, but don't think for a second that this is over. They have a piece of ground near what was once a producing mine, bound to be anomalous values, they say " hey ,lets see if the public will buy it." There are and will be many people who make money off of the desperate or the greedy ,or ,saddest of all, off of those who dream and hope.
Support buying and more technical gab should capture a further percentage of "future thinkers" while the fleeced are led away.
I would even go so far as to venture a guess that IPMCF will at some future point announce a "dramatic breakthrough" that will lead to more years of fleecing the sheep. Do not expect this type of "dramatic breakthrough" announcement to happen for, what did they say, 12 - 18 months. It will, of course, turn out to be another lie, letdown, call it what you will. The same guff will follow as always, with gag orders ensuing where required.
When we talk about gold, we are not talking about anomalous background values, concentrated for the purpose of the scam, we mean "GOLD", the type found in orebodies the world over. If you think this .04 is good, then you will likely hold on to IPMCF and buy whatever line of guff comes next. If you think that this is a heap leach deposit, why to hell are you stopping at counting the tons in Blackrock, do the whole desert, you should get some really impressive figures to show to your friends.
I would guess that the funds etc will be buying it up around 1.85 or so, thats Canadian. They can hold onto it, they don't care. It just a good chance to average down, there will be more sheep, that should be apparent from the news release.
It's not a whole new ball game Monday, it's a whole new soccer game.
Get out.
Warn people. |
