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Gold/Mining/Energy : International Precious Metals (IPMCF)
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To: Jafco who wrote (33047)6/18/1998 11:58:00 PM
From: Ron Struthers  Read Replies (1) of 35569
 
Jafco no you haven't hit a sore spot, IPM was just one of dozens of stocks in my own PF and that I follow, you can't win them all, mining exploration is high risk with high reward, you have to take both.

A few gram sample tells nothing about a property and it would have looked pretty stupid and a lot like hype, claiming 6 opt on one or a few small samples. It is going to take a lot more than standing your ground to prove to the investment/mining community and regulators that you have potentially economic grades of metals in the desert. This is one thing we all should have learned by now, even facts get twisted and disputed with these companies.

If GPGI could fire assay the dirt so well, why didn't we see any fire assay results on GPGI's claims.

The truth of the whole matter is nobody has been able to get consistent fire assays out of any of these properties until recent developments in 1997 and certainly not verified by an independent engineering firm until these recent developments.

Interesting, both Naxos and Intergold are taking the route IPM was on, of drilling, fire assaying and proving a resource. These two stocks have been the better performers of late.

It is going to take $10s of millions to build the large mines needed to mine this stuff. The only way you are going to get that kind of money is proving you have a large and economic deposit for the bankers or a senior to buy you out. There is lots of promising signs but nobody is close yet.

Ron

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