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Gold/Mining/Energy : International Precious Metals (IPMCF)
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To: kimberley who wrote (28538)11/28/1997 2:23:00 PM
From: O. H. Rundell  Read Replies (2) of 35569
 
the company announced a recovery process, but didn't state it wasn't commercial.
Kim, this is a major portion of the problem. Either the company spent months on a process that wasn't economic (or that didn't work, despite their claims to the contrary).
Did the company knowingly spend months on an uneconomic process?
If so, why did the company waste the time and money?
If the company didn't know that the process was uneconomic, why not?
Of course, according to Bateman the process they used was uneconomic and yielded low recovery.
Finally, after all these months, why weren't the recovery samples taken from a number of representative areas at Black Rock. Why just 2 trenches? Two 20-pound samples? Where are the 900 kg samples taken from the center and each of the 4 quadrants of Black Rock?
Just doesn't compute.
O. H.
eyes opened
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