International Precious Metals (IPMCF) Message Board

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

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To: Bill Jackson who wrote (2397)	2/15/1997 1:31:00 PM
From: Zeev Hed	of 35569

Bill, you are assuming therefore a cost of $50/ton of head ore. I think that normal vat leaching is close to $40 and grinding a ton to 400 mesh is at least another $30 where do you get the increased cost of energy and higher capital cost of equippment (and forget about high pressure, it is not economical). You'll be lucky if you develop a process that cost less than $75/ton, as I have said before, they'll kill for such a process. My proposed profit margins of $30/ounce is quite ultraconservative (or I should say ultra speculative since it is an absolute best case scenario). My worry with this ore is that there is not enough goodies concentration to justify the expensive extraction process contemplated, and thus eventually the shares will be selling at zero, after they run the stock up in price to do additional PP's and run away with another $30,000,000 of other people money, all the time paying themselves fat "consulting fees". Zeev

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