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Gold/Mining/Energy : International Precious Metals (IPMCF) -- Ignore unavailable to you. Want to Upgrade?

To: Chuca Marsh who wrote (23386)	10/27/1997 10:49:00 AM
From: Theo	Read Replies (1) \| Respond to of 35569

<<a way to CHANGE THE SUBJECT.>> Excellent! Theo

To: Chuca Marsh who wrote (23386)	10/27/1997 11:33:00 AM
From: E. Charters	Respond to of 35569

Evaporite salt beds do exist. They have not been found to be rich in gold and platinum to the absence of all other metals that inhabit sea water. Evaporite beds that are rich in certain metals are thought to be related to volcanism as in regular volcanigenic orebodies. The mechanism of the regolith or protosoil laying down gold and its subsequent diffusion through the soil cover later would de-concentrate gold not concentrate it. Minerals need a channelling and concentration method from either another concentration or a more diffuse source to a concentration in oreder to form economic concentrations, or ore. One needs to pragmatically prove the existence of concentration of metal and in a timley and non-obfuscatory manned prove that to the pupblic who would hold shares. So far this has not been done. In my opninion the process instead has served to point a finger at the honesty and competence of a dubious management and the gullibility of many new investors to the mining scene who could not have taken the time in this last year to absorb all the requisite experience to judge professionally rationally and coolly, a complex and disturbing issue. It is not time to get a Phd in mineral exploration or garner 35 hard fought years of mining investment knowledge in order for the investor to get a handle on whether this is an elaborate deception or merely a risky, doubtfully economic mineral deposit. Your money is at risk. I woudl excercise extreme caution. There are many signs of possible corruption, incompetence and possibly fraud. Nothing is standard. Nothing said by the company does other than excite suspicion that something is not right. That is my professional instinct although I have no absolute proof of my feelings to date. My suspicions in other cases on similar limited evidence were enough to tell me that Cartaway resources, Naxos Resources, and Delgratia Resources, were faudulent plays before the reports inevitably came out proving that this was so. I warned my subscribers that this was the case and that they should wait for the assays before investing. I sold my Bre-X share at 3.50 on the Friday before the Stratchcona report came out as a precaution, although I did not "know" what was in it. Now I fear we are waiting fore another such "Strathcona" type report. I do not wish any investor on this thread any ill-will. I do not profit from these debacles. I am loathe to short such stocks as the genuine possibilty exists that they will be delisted after a report and the short will be not closeable. This very nearly happened with Bre-X and Delgratia. good luck. EC<:-}