International Precious Metals (IPMCF) Message Board

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

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To: Ron Struthers who wrote (1231)	1/4/1997 3:18:00 AM
From: Zeev Hed	of 35569

Ron: I was refering to more recent "overstatement" that later on turned out to be disapointments to holders, like the Dore D'or of earlier this year and the 450 tons trial in the wrong equipment. As for the .01/OTP extraction, my question was more general, in that such low gold contents would require massive earth movement equipment since in small quantities $3/ton of recoverable gold does not leave much margin, and was therefore wondering, how do these outfits make any money. I was trying to better understand the economics for those situations, not IPMCF itself. Zeev

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