International Precious Metals (IPMCF) Message Board

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

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To: Alan Vennix who wrote (1011)	12/27/1996 3:44:00 PM
From: C L	of 35569

I expect Mr. Furlong is itching to get going, a lot got accomplished during '96 but we did lose some time with the source rock investigation etc. He is good at delegating tasks and I think we have a lot of things that different groups can be working on at the same time. Once the process and chemicals are known, BD can start designing the plant, IPM can start the permitting process, a construction company can begin putting in the infrastructure stuff, drilling co starts their program etc. If the stock price stays up, the warrants will bring in the necessary cash to keep everything humming. Number 3 on his list is pilot plant product being sold, this may not amount to a whole lot but it would help cover the costs of the laboratory work. Stock price looks like backing and filling today, not bad after the run we've had. C L

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