International Precious Metals (IPMCF) Message Board

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

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To: Eric Tai who wrote (229)	10/28/1996 9:53:00 PM
From: C L	of 35569

Sure a lot of friendly people around here. Be glad to answer your questions 1. These leachs were HCL based acid with some salts added to hold the precious metals. The industry has now discovered that they get better results using base leachs. IPM has not publicly stated what they are experimenting with at present. My best guess would be one or another version of a sodium thiosulfate based solution or they may be headed away from the leachs toward floatation or other mechanical method. 2. Ledoux is considered to be an excellent lab and companies with problems use them as they are so well regarded. IPM may or may not use them for controlled testing in front of BD. 3. Fire assays now work using chemical pre-treatments, different fluxes and higher temperatures. 4. IPM was actually de-listed from the TSE for filing their paper work very late. Canadian exchanges have different rules than the Nasdaq. I don't know that IPM management wants to be re-listed on the TSE. I know they are interested in the NMS listing. IMO you are wasting your time discussing IPM with this Zeev guy. I've read his posts and it's apparent he doesn't understand the mining industry and how to value the properties. A mining property is valued by the amount of metals that are drill proven. IPM is the only one of the weird 6 that has done a drill and analysis program on their dirt. If you doubt the validity of that statement, check some mining manuals out of your local library or give a call to one of the seniors like Barrick or Homestake and consult with one of their engineers or geologists. When you get a property thru drill-proven feasibility, you take the paper work to Rothschild or equivalent and take out a loan to open your production facility. There is nothing exotic about this. You figure out how to extract the metals, nail down how much you have and get on with it. IPM is close to showing the world they have a handle on it. C L

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