International Precious Metals (IPMCF) Message Board

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

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To: Richard Mazzarella who wrote (3688)	3/8/1997 1:56:00 PM
From: Bruce McGaughey	of 35569

Richard- I think I remember someone saying that the "sweet spot" does extend beyond the southern boundry of IPM's property. So, MXAM has cash and property. What kind of recovery technology does MXAM have, though ???? Do they have a snow-ball's chance in Hell of ever getting a good BD report ??? Would they/could they ever contract with IPM to have IPM do recovery for them ?? Remember Claude saying that no gold play is worth anything unless the recovery process is good (or something to that effect). 1) Management 2) Technology 3) Property 4) Cash I don't hold MXAM. I remember almost buying it at 0.50, so maybe I'm bitter. But, it seems to me that IPM has spent a lot of time and money drilling, surveying, etc to prove it's reserves the old-fashioned way, while MXAM (Phoenix/Runyon) takes our cash and buys up a part of OUR "sweet-spot" with OUR money !! Maybe that was why IPM sold off on Fri and MXAM did well.

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