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

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To: Zeev Hed who wrote (581)11/25/1996 11:50:00 AM
From: David Regep   of 35569
 
Zeev,

I read your doubts about IPMCF and understand them. I think Rothschild and a few others are questioning your motives for a couplw of reasons. One is that you are so very bullish with GPGI but so skeptical with IPMCF. The questions you raise with IPMCF are as pertinent to GPGI if not more so since they do not have any reserves even if they get paid for their sludge. As Ron, CL, and myself have stated in the past, IPM is going forward and attempting to prove reserves while still solving the extraction dilemma. That would put two very tall hurdles behind them. Unfortunatley, this is probably a 26 mile hurdle race for all companies involved.

I think CL got upset since so many people question IPMC's motives and direction with so few facts or backwards truths. CL is convinced that IPM has the goods. To hear the same garbage over and over is very frustrating. I am sure you would agree from your experience on the GPGI thread.

Back to the reason people are questioning you is why are you so bullish on GPGI and not on IPMCF? You have answered that in the past but whenever I read the reasons, I ask "so why doesn't that pertain to GPGI as much?"

Regards,

DR
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