International Precious Metals (IPMCF) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Bill Jackson who wrote (26810)	11/16/1997 7:01:00 PM
From: go4it	Read Replies (3) of 35569

So where are we at right now ?!?! This is where I see us and why we have come to this stage in the game. First of all let me start by saying that I DO NOT believe that IPM is run by crooks. I just don't flat believe it. IPM said they had gold, silver and PGE's on the property and they do. In December the company released information that they had made a breakthrough in their leach technology where they were able to extract 0.25 oz/ton from the dirt and I believe that they could. THoare's analyst states that there are just as many minerals being left in the tailings as they are extracting. There probably is. There have been enough drill results to show that this mineralization extends in all directions from the original 1st square kilometer. Now just imagine if the report came out and showed that they could extract 0.25 oz/ton with no regard to the economics. IPM would shoot through the roof and if the method of extraction was proven to be shown as uneconomical then the stock would fall right through the floor. I for one would hate to see that happen and apparently there is someone else out there that doesn't want to see that happen either because the leach numbers were not given in Friday's release. Personally, even though I am not going to be rich by January I can't help but feel that this is the correct path to go. Besides the news of such a massive ore body would also serve to help run the price of gold through the floor. I have heard of mines operating in Nevada right now that are turning a profit on their ore bodies and they are doing it at a higher recovery rate than fire assays are showing. It is a private company so I don't have any real details other than hearsay. IPM is on a persuit to become a mining house and I think the odds of it happening are quite good. Even if we were to wait until IPM was able to get into production in order to get the proof that we needed, which I adamntly believe that we won't, we could see a value based on production of a share price exceeding $100. I used the Ron Starr values on the web site for that value. If this scenario does actually come to fruition, I don't think a 20x return on ones money over a 3-5 year period is really that bad a deal. Seeing as how Bateman came in the picture in August and completed a consistant fire assay in 2 months, I think they have earned the rite for an opportunity to prove themselves. I will give them one. Chuck

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next