International Precious Metals (IPMCF) Message Board

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

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To: Richard Mazzarella who wrote (566)	11/25/1996 12:03:00 AM
From: Ron Struthers	of 35569

Richard Don't know if you will get a response from CL. I will try and adress a few of your issues and some others in this thread <<Why don't you address the technical issues>>. The facts are that nobody of reputation has on any of these fine gold/complex ore plays. That is why all these stocks are at a few $$ or less and this is what you are speculating in if you buy any of these stocks. IPM will adress these with their work with BD and the other players are trying to prove this through actual recovery and even if they recover gold this still does not mean it is economical. There are other mining issues to deal with. In an earlier post you stated that you don't understand much about mining, but your background is scientific. This is most likely why you don't have an appreciation for what IPM is doing. IPM is the only company among these plays that is taking a typical mining approach to their property. This is by first drilling and assaying to prove they have the metal. In convential mining exploration, you do not demonstrate recovery until you prove you have something to recover. Economical recovery is the next thing to prove once you have drilled reserves/resources on your property. Like most mining companies IPM has already done some work on recovery to the point that they are convinced to continue with the property. BTW, it does matter to prove up a bankable reserve as this can be an asset on the compnies balance sheet. About the hard rock source. There has been a lot of work done here. There is the Creelman geological report. THis is more than I have seen from any other of the players. I have met with IPM's recently hired geologist and have discussed his work on the hard rock material and I for one can hardly wait to see some assays on this. There is all kinds of evidence of old mine workings and quartz veins on the property. I have met and spoke with a person who has actually panned gold from the property. I believe the reason IPM has not assyed these yet is why put out more assay results if nobody believes them. I personally believe we will see higher grades from the hard rock. This is just my own opinion The BD report is to address the assay issue and then we should see lots of assay news. News is what drives a junior mining exploration stock. IMO, I really don't think it matters a whole lot what is said here to affect the stock price one way or another. Any serious and/or wise investor or institution does plenty of their own DD and I doubt whether this includes reading SI threads. IMO, the influence of these threads is for small investors. It is my opinion that a number of large investors, institutions and\some newsletter writers are on the sidelines awaiting news from the BD report. If this is positive and these ones on the sidelines become buyers, IPM stock will go much higher and it won't amount to anymore than a hill of beans what is said here by me, CL or anyone whether naysayers or not. As you know, I recommend buying IPM and I do own some stock. I will also buy and sell some of the other players from time to time. IMO, if you want to be an investor in this area play. IPM is a must for your portfolio. They are the most advanced of any of the other players in the eyes of mining people and institutions. I think this will soon be proven out There is money to be madein most of thes plays, good luck with what ever route you take Buzz, IPM Infinity and Beyond (yes Buzz is hyping)

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