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Gold/Mining/Energy : International Precious Metals (IPMCF)
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To: O. H. Rundell who wrote (27941)11/21/1997 1:38:00 PM
From: go4it  Read Replies (2) of 35569
 
OH,

I had really hoped to stay off the thread. I really did however, I do feel that the questions that you brought up should be addressed. In regards to whether or not the company has the metals in the ground to where they can get 0.8 oz/ton out of the ground. Yes, I say they do without a doubt in my mind. I base this on the THoare report by Martin Hay. THoare hired this analyst and one of his first duties was a due diligence on IPM. In that report he stated that they have just as many minerals in the tailings as they were able to extract. But what are the numbers then ? Common sense dictates that if the numbers were 0.04 with 0.04 in the tailing that THoare would have been out of this stock in a heart beat but their not. No we don't have third party confirmation on those numbers but there is no doubt that they are there because we have enough circumstancial evidence to know what is there. If there is fault in my analysis then I have yet to see it.

Chuck
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