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

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To: Donald Watson, Jr. who wrote (26138)11/14/1997 7:44:00 PM
From: puzzlecraft  Read Replies (1) of 35569
 
Don,

> those numbers look GReeeaaatttt!!!!

What happened to the talk of .25+ opt gold with whispers that the real figures were much higher? What a letdown. IPM says "As part of this program Bateman will also be providing the expertise to assist in the development of a cost-effective process to extract metals." That means IPM doesn't have a cost effective method now. Will they ever? I recall talk that IPM did. Maybe that was for .25+ opt. Now it's 12 to 18 more months to come up with a resource statement, then more financing to go ahead with planning. Remember in the Jan 1997 President's letter, the goal was to have a resource statement this year? Talk, delay, issue more stock. Been going on for years and will go on for years. I have no regrets for recently bailing out of this one despite the disappointing prices. I was hoping to buy back in on the strength of a super report.

John
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