SI
SI
discoversearch

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 ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Furry Otter who wrote (28533)11/26/1997 6:30:00 PM
From: kimberley  Read Replies (2) of 35569
 
Furry,

<<In May 1996, IPM reported that bulk tests using the November 1996 process had no degradation in recovery. Still no fire assay, however.>> think you mean May 1997...

I keep seeing reference to the notion that IPM has now proved they have gold... I for one thought it was already a given that gold was on the property. What has fueled the price rise over the past 12 months was the notion that, even though the ore wasn't amenable to fire assay, the company had a recovery process that was yielding high numbers ( see all pr's since nov. 1996.) What the market has been waiting for these past twelve months was an independent verification of thse numbers. The Nov. 14 PR didn't give that... and it turns out the recovery process is not economic. That, in my opinion, is the biggest problem right now. The market will continue to wait for feasibility... and when it comes, the property can be valued fairly.

Short answer, yes apparently those recovery numbers are not valid... not in the sense they arn't true, but if it isn't economic, then you can't use it. The market is probably not going to give IPM much more value until it can either produce an economic recovery process or show higher grades across the property. The 'ugly' of all this is that many investors feel lied to... the company announced a recovery process, but didn't state it wasn't commercial.

best,
kim
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News