International Precious Metals (IPMCF) Message Board

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

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To: Daniel M. Whipple who wrote (555)	11/24/1996 12:03:00 PM
From: Zeev Hed	of 35569

Daniel: After being chastized by Rothschild himself, I do not want to overlord you with my scientific background or something like that. Typically gravity and water flow act together to concentrate heavier or denser grades at turns in rivers carrying away finer and less dense material further away. I do not know the genesis of IMPCF's ores, but from the micrographs in their annual report, it seems that the ore is immature, in that the metal precipitates are very small and within a quartz matrix so that the density differentiation at work in placer like deposit cannot work here. Thus your assumption of same grade (if it is the same rock) is probably correct. IPMCF is probably doing the right thing in disregarding the rock, since the sands are already "size reduced" and if the concentration in the rock is not higher, they should start with the sands since they need not crush them. Daniel, I hope you will forgive me if I have overlorded you. Zeev

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