International Precious Metals (IPMCF) Message Board

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

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To: Gerald Walls who wrote (2253)	2/12/1997 7:50:00 PM
From: Mark Bartlett	of 35569

Gerald, IPM PRESS RELEASE LIKELY TOMORROW - FEBRUARY 13 I have been told that the company will _likely be putting out a press release tomorrow. Evidently the delay is for GOOD REASONS. The company has been advised that _if they grind the ore to a finer grade for the BD tests, they might be able to increase the recovery beyond already reported figures (nothing is for sure .... but apparently that _may be the case). Because BD will base their RESOURCE CALCULATION on these tests results, the company wants to ensure they squeeze out as much as AU as possible. For this finer grinding to be done, the lab has to install a large piece of machinery .... this is going to take the extra time. This makes good sense in my mind. Remember ..... HOW this property is valuated in the near term will be contingent upon these tests .... after 2 years of hard work - I can certainly understand the company's position and wait an extra few weeks. If it means the valuation of the property will be increased ..... and if we are lucky - maybe significantly - the extra few weeks,in the scheme of things, means nothing. MB

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