International Precious Metals (IPMCF) Message Board

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

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To: Tom Harper who wrote (963)	12/30/1996 3:27:00 AM
From: Ron Struthers	of 35569

Hello Tom, Yes IPM offers a very compelling risk/reward ratio and IMO is definetly worth the risk. To answer some of your question, IPM people compared to BGO. I would say IPM is far more conservative with no stock promotion. Experienced management with many having 25 yrs experience and more. Refinig PGE's and Gold is something quite differnet in North America. From what I understand there should not be a lot of trouble seperating the two. IPM has not focused on the PGE's as intensly as the gold, this will be coming very soon, at which time there would be a better answer. There are no 3rd party estimates of costs. This is currently being worked on with a test recovery plant and 3rd party B.D. who should be tabling an engineering report on this after results n the next 8 weeks. IMO, by the time the BD report is out the share price will be much higher. The potential here is simply huge. The major pitfalls have just been overcome and that has been the recovery process. This should be proven hands down in the next 8 weeks and this is why I think the share price could really move. The leach process is non acid, environment friendly and Arizona is known as a mining state so permitting should not be a problem. The major hurtle is being cleared and is why the share price has been strong. You might not see a pull back from here, so you may want to at least get a partial position soon I read BGO, like many others, saving up news for better market conditions in the new year. 1997 is looking good for many of the plays I follow. Have yourself a prosperous new year as well.

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