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

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To: mappingworld who wrote (838)12/19/1996 1:28:00 PM
From: Claude Cormier   of 35569
 
Well Olga,

I was extremely pleased with the new numbers on the gold contents and pleased with the coming recovery test program and drilling program but to start soon...but I was worried with a few details:

- no description of the new leaching process that allowed for these assays

- no details on the labs who performed the assays. Who are they ?
Ok the assays result were reproducible and there was
correlation... tell us more. What assay technique was used...
the same one as before.

- As stockwatch said, the news was reported by an ANONYMOUS
director. Are they afraid of something ???

- What is the role of Behre DOlbear and CO ? They participate but
what have they done and corroborate....in the past 6 months.
Nothing ?

- No progress on the recovery front ???

I still need more food for my brain on this one. But the technicals are definitively much better nows and the fundamentals seams to have improved quite substantially. However, maybe not enough to attract the largely followed mining analysts.

I am also worried by the large amount of shares being dumped on the market above US$4 without any substantial move. As of we speak, the stock went rapidly above $4.50 but settled back to $4 1/16 and the volume have been increasing on the way back.

CC (Holding tight)
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