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

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To: Ed Devlin who wrote (1483)1/17/1997 8:14:00 PM
From: C L   of 35569
 
Just finished reading the release, as usual it's a little difficult for me to decipher. Some of the tests were from '95. Looks like the current ones go like this:

.40 Au
.49 Au
00
00
00
00
-------
Then 6 more 00
There certainly is a problem some where. The best I can make of what I got from 2 sources is that Ledoux has abandoned finding an assay procedure and is now starting to come up with a recovery procedure. That's what IPM did in November, but for different reasons. IPM was getting some nice assay numbers but the recovery ones were better.

Naxos stock really took off today and maybe pulled IPM along -- I'm uncertain on that.

C L
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