International Precious Metals (IPMCF) Message Board

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

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To: Mike H. who wrote (31022)	3/17/1998 4:08:00 PM
From: BillyZoom	Read Replies (2) of 35569

Mike IPM is only on the "verge of bankruptcy" if they can not arrange further financing. Can Doyle arrange financing that will be at a level that is appealing to shareholders that bought in last year? Like many juniors in todays market the answer is no. Can he arrange financing that will enable IPM to remain a going concern? My money says he can. The potential scam issues have been removed as there are precious metals on this property that have been proven via COC and in a court of law. This has equitable value. The fact that the bulk of the expenses towards resource status and final recovery processes have already been paid have equitable value as well. I have heard that cost cutting measures are in place to address the "burn rate" issues and that the days of spending like drunken sailors when the market cap was $180,000,000 are gone. In your post you pertain to have seen a recent financial statement from the company. I have not seen one since November and would appreciate knowing where you saw this. IPM have almost completed defining a resource for the 1st sq/k and have and are continuing to test various final recovery processes. See the recent press releases for more info. IMO the major exploration and R&D expense that the company has incurred is paid and the final decision on the process will be based on economies of scale when the resource is defined. IMO Dale Runyan has vested interests in seeing IPM succeed. He is a principal in Omega which is the company that currently has a sales agreement with IPM for the Black Rock property. For Omega to see their money IPM has to succeed. If this means IPM licensing Hewletts process then it only makes good business sense to allow it. As well, MXAM has announced plans to build a 3rd party processing facility using Hewletts methodology. If IPM proves up the resource and find it economical to go 3rd party then they very well could become MXAM's and Hewletts largest customer. The above conclusions are from my own DD and I hope they help you in your own decision making. Rob

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