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Gold/Mining/Energy : International Precious Metals (IPMCF)
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To: Ron Struthers who wrote (1139)1/1/1997 11:58:00 PM
From: Tom Harper   of 35569
 
Ron,I spent a long time at IPMC's website today.I have more questions now than before I started.Perhaps you or CL can help me get a better grasp of this tiger(or should I say elephant):

1.What is the significance of their finding the "hard rock"?
2.Did they drill beyond 30 meters?One of the releases refered to depths of 100 or perhaps 150 meters.
3.What exactly is the method they used to improve their grades by a factor of 6??
4.Is this method friendly to the environment ,better yet ,friendly to the political powers in Arizona?
5.Why is there so much trepidation about whether ramping up the scale of extraction might ruin the improved grades?
6.Did they do any drilling at all on the other 5 grids?If not ,what is the basis for any optimism that results can be replicated there?
7.If there are no third party estimates as to costs of extraction,how about some guesstimates from the management itself?Surely by now someone has thought it might be relevant .
8.There's a rumour going around that a newsletter/analyst is coming out with a write-up/recommend ?Might this be Ron Struthers or Jay Taylor?
9.Isn't it odd that new assays were not done for the PGM's at the same time they were done for the gold?I mean,they were twice as rich as gold on the original assays months ago .Wouldn't they constitute a significant factor in the big picture?
10.How do we know this isn't some giant con game?It just seems too good to be true.(please go easy on me here .I'm keeping an open mind.)

Thanks very much for your help.

Tom

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