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Gold/Mining/Energy : International Precious Metals (IPMCF)
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To: Ron Struthers who wrote (1219)1/3/1997 10:07:00 PM
From: Zeev Hed   of 35569
 
Ron: When I follow a company, I usually assume that management will do as they did before, you must have a pretty good reason to assume that this time they will dot all the i's and cross all the t's before they come out with an assay announcement on Pt, they never did that before, and that got them into troubles. Even the most recent announcement of these fantastic assays on Au, they came in lieu of the BD report that everyone was expecting last month. If there is such a special reason, could you share it with us?

I also heard that ores with as little as .01 OTP are leachable profitably. That implies a cost of handling and processing under $3/tons, that must also imply a mill with a capacity much in excess of the current initial plan of 1000 tons/day going to 10,000 ton/day, since I cannot see any operation with daily expenses under $3000/day. Am I missing something?

Zeev
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