International Precious Metals (IPMCF) Message Board

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

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To: Zeev Hed who wrote (322)	11/4/1996 7:29:00 PM
From: TrueScouse	of 35569

Zeev: A possible reason for putting the "hard rock" samples on hold is that this would lead to further delays in BD signing off on its report on the first sq.km. of the BRX property. I suspect that the IPM management changed strategy. Rather than wait for a BD report which included the hard rock samples, they probably decided to proceed with a report looking only at gold recovery on the first sq.km. This alone could be sufficient for a significant increase in share price. If they get a "bankable" report, then it would be easier to finance further exploration and testing without more private placements and stock dilution. Anyway, I hope this is the way they are proceeding! IMO there is too much value in the ground for at least some of this not to be recognised in a report and reflected soon in the share price. Howy

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