International Precious Metals (IPMCF) Message Board

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

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To: Bruce McGaughey who wrote (1031)	12/28/1996 5:34:00 PM
From: C L	of 35569

Once you've met Mr. Furlong you become a believer. In '95 some frinds and I were close to doing a PP for the company when they were about destitute. There were 5 of us in the discussions and we never could get a consensus. Three were for it and 2 were against, the agreement had always been -- everybody had to agree, so it fell apart. Mr Doyle raised the money thru T. Hoare in London and that has not been a good experience for us, since. At the time there was no where else to turn, however. It's been a trying experience, I can tell you. The hard parts are behind us now, according to the lab people. They showed not the slightest doubt that they could work out the extraction procedures. I stood behind the owner when he did AA tests on 9 samples and (on average) they were better than the company reported. This is NOT to say that all of them that they run are better -- all I can vouch for are the ones I observed. Testing is in the early stages and there are many more to do. C L

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