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 (242)	10/29/1996 1:27:00 AM
From: C L	of 35569

Eric, As far as I know there are 6 public companies working on the desert sand type properties. They are IPM, Kilo, Cdn. Zeolite, Maxam, Naxos and Global. I don't count Stillwater as part of this group as they are hard rock miners. There are at least 3 private groups and probably a lot more than that working on this kind of deposit. One of these private groups is in the Amargosa desert and I believe only about a month away from pilot plant production. The boss man is a genius and probably has more expertise in these strange mineralizations than anyone else in the world. After we get recognition from the financial community, we should see the mining industry wake up and start getting involved in a big way. I forsee a 'modern day' gold rush into AZ., S. CA., and small areas of NV. When these projects start coming on line, we will see precious metals prices come down and smaller, high cost miners all over the world start to close their doors. IMO you are about to see a whole new industry come into being and some major changes to the mining industry as it exists now. Exciting times. C L

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