International Precious Metals (IPMCF) Message Board

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

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To: Larry Brubaker who wrote (27155)	11/17/1997 1:00:00 PM
From: HungryLion	Read Replies (1) of 35569

Why do you assume Bateman will do anything? There is no indication that full time R&D will take place. Read it yourself, "The program to develop the mining and recovery of precious metals from Black Rock ore will be a multi-phased multi-tasked effort. It will be directed by IPM and supported by Bateman Engineering utilizing their resources, contract test work facilities and specialty process engineers. 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. The company estimates that the Development Program will take between twelve to eighteen months. Its objectives are to determine the grade, scale and economics of the project and produce a full feasibility document with a view to taking Black Rock into production. " Bateman is under orders from IPM. Sound familiar? HL

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