International Precious Metals (IPMCF) Message Board

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

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To: Matt C. Austin who wrote (26822)	11/16/1997 7:22:00 PM
From: GlobalMarine	Read Replies (1) of 35569

Look, Matt, we all want IPM to suceed, right? My feeling is that IPM should have been outsourcing the R&D work instead of doing it in-house. What if Bateman had come in early on this year? They probably would have been able to advise IPM at that time that their recovery method wasn't economic and we'd be much further along towards an economic recovery method now. I believe that IPM will ultimately succeed, based on the notion that Maxam's recovery process apparently works at only 0.05 oz/ton. As regards Naxos, I invested in the summer time, when the stock price bottomed at 0.75 bid - 1.25 offer, based on the potential of Franklin Lake. It is my hope that the Johnson process economically extracts precious metals from the playa. Jimmy's past trading frequency makes one wonder, but all that matters right now is whether Johnon-Lett's process is economic and consistent. But I'm puzzled...why do you think we need to get rid of JJ to have a real mining company in Naxos? I agree that there would be a major problem if JJ used his voting power to block an attractive takeover bid, for instance. Could you please clarify? Rand

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