International Precious Metals (IPMCF) Message Board

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

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To: C L who wrote (3390)	3/6/1997 12:42:00 AM
From: Doug Meetmer	of 35569

C.L., I apologize for this being a Naxos question on the IPMCF thread, but I needed your opinion and I wanted to get your attention. Word has it that the 510 foot hole samples showed trace gold. This was using a hot cyanide recovery process. The informal explanation given by the company is that it was left overnight to leach instead of for the 45 minutes, as was done in previous tests. They say the cyanide may break down if left overnight. Does this hold water or are they handing us nonsense? The stock was hammered in the last few minutes of trading. On a separate note, I keep kicking myself for not buying into IPMCF. What is yor gut instinct about whether or not it will pullback before marching forth? Thanks, Doug

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