International Precious Metals (IPMCF) Message Board

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

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To: Alan Vennix who wrote (1370)	1/14/1997 6:49:00 AM
From: Mark Bartlett	of 35569

Alan, <<Nor have they surveyed their properties, area and depth, to be able to calculate reliable reserve values.>> Not quite true. IPM has obviously surveyed their property. They have 121 holes drilled to 100 feet on one grid and a few deeper exploratory holes. Once BD signs off, they will still need a few more drill holes on grid one to bring reserves to "proven" category, but they are well on their way. We have discussed this before .... why would you drill up many sq kms without first getting the market's confidence on grid one? Not much point to that. MB

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