International Precious Metals (IPMCF) Message Board

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

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To: knight who wrote (32234)	5/17/1998 5:50:00 PM
From: Richard Mazzarella	Read Replies (2) of 35569

knight, the Maxam/Hewlett process is still developmental IMO. I don't know of a single production application. Runyon talks like he would bet his life on it. CL/Frank/Matt posted on one of these threads that IPM did try something of Hewlett's awhile ago, but it didn't work. Maybe IPM expectation was 5 OPT where 1 OPT is viewed as a failure? I don't know. I have to be careful here, but in conversation with Runyon, he did say that IPM had a good property, but chose to go their own path. I sensed from the tone of his voice that he didn't necessarily agree with that direction. This was long before IPM's black Friday. He got that right. <VBG> Hewlett has a patented process for continuous extraction and I have a little bag (~1 oz) of metals extracted from Maxam's desert sands with Hewlett's process that were handed out at the Maxam shareholders meeting a year ago. While the players change, the desert dirt remains the same. Can someone economically extract value from those sands? IMO we will know soon.

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