International Precious Metals (IPMCF) Message Board

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

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To: Terry Christopher who wrote (1602)	1/23/1997 11:44:00 PM
From: Terry Christopher	of 35569

I don't plan to be a regular poster here, but after reading several of the posts I feel I have to comment. On Pt. Several of you speak as if the metal is covert? Its a metal and thats it. Whether it is reported still does not take away the possibility that it exists. However, to say that it does not exist in Az reminds me of a story that my father recently told me about Voisey Bay. My father who worked in Labrador during the eighties seen a lot of mining companies pass through. One, which I will not name, a large international co spent several summers in Labrador looking for anything they could fine. This company spent several days/a week ? in the Voisey Bay area reported that there are no deposits in Labrador. It took two unknown Newfoundlanders with enoungh grit and preservance to find this deposit which sits on the surface. Whats more interesting , after seeing the maps that have been produced on this area, is that many geologists must have flown over it and I know of one who walked over it, yet it went undiscovered for many years. To see another geological type say that there is no Pt in Az does not surprise me. Thats why IPM has the property and this other person does not. I see this metality a lot, not just with geologists but everyone. This provides opportunities. A personal example - recently Hunt Oil (from Texas) made a discovery in western Newfoundland (NF). With this several other large international companies came in - Mobil and PanCanadian. Early last year some land was posted for bidding. With presence of these larger players most people/cos seemed afraid to bid on some choice property in the Hunt area. Myself and 3 other individuals decided to go agianst the grain and bid on all the parcels in the Hunt discovery area. We WON one. Our bid < $200,000 CAN is next door to two blocks that Hunt picked up for $5 million EACH!. Last fall 4 offshore bids were posted and yes we got another along with Hunt, Mobil and PanCanadian. We now have approx 500,000 acres of prospective property and are proceeding ahead. My lesson: Patience, an open mind and a willingness to take chances may not pay all the time, but eventually it gets rewarded! One last comment. IPM have shown the above and seem to be on the verg of stunning the mining community. Whether there is Pt. or not does not matter - the Au alone is looing very promising. TC

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