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

To: Chuca Marsh who wrote (24457)	11/5/1997 1:59:00 PM
From: go4it	Read Replies (1) \| Respond to of 35569

I was asked to post a message from Ron Struthers. Int Precious Metals IPMCF on Nasdaq BATEMAN/BD CONFIRM GOOD GRADES of GOLD and PLATINUM AT BRX Well this is the heading I have been waiting to send out, but like everyone, I am still waiting for the news. I have had numerous calls and emails about IPM so I decided to send out this update. Yes, I am still positive The shorts and naysayers have been having their way, feeding on the delay of news and the general poor market for mining stocks these days This will soon change. IPM is very optimistic that lab results will be back any day and if this is the case we could see a news release Friday after the market closes. A Friday release would be excellent timing for the news to digest over the weekend and the shorts squirming all weekend long. This would be too good to be true so I will bet it will be next week sometime. The stock is down around $4 which is around my original buy level. This is an excellent price. I am not saying to buy more if you have good positions, but if you trade the stock this is a good re-entry point. I believe this level usually gets some support from our Institutional friends and the shorts likely try to buy back and cover at this price. Nothing has changed with IPM, other than a continued impatient wait for news from Bateman/BD, incresed activity from the short players and a lower stock price. There is a good chance the assays are just to good and there is much rechecking going on at the lab causing longer delays. This makes much more sense than if there is nothing and IPM was a scam. The assay is important as a cheap and reliable assay would mean a lot to the thousands of samples waiting BATEMAN I believe this is the best thing to happen to IPM. Bateman is no ordinary engineering firm. They just don't collect fees for audits and engineering reports like a Behre Dolbear or Killborn Engineering. Bateman are mine builders, they get directly involved in many companies, they will sometimes actually build and run the mine or take equity positions in the stock. They may stay on with a partnership arrangement. Lycopodium is made up of many X Bateman people and I think this is how Bateman heard of IPM. They did their own due diligence and are now working with IPM. Typically Bateman does not get involved with a company unless there is good prospects of success. Bateman have experience around the world including at lot with Platinum in South Africa. This is important. I don't know exactly what the grades of platinum and gold will be announced in the Bateman/BD news. I believe it will be much better than the 0.046 opt gold and we will have platinum/palladium grades as well. Whether it is 2 ounces per ton or 0.2 this will be excellent news and be the start of something significant. Once the assay procedure is confirmed by Bateman/BD, IPM can get to assaying a huge backlog of samples. This will tell us how big the ore body is at BRX and how many millions of ounzes are there. This will be the real exciting time for the stock. The other good posibilty is a short squeeze after news comes out that could cause the stock to rise much further and faster than normal would be the case. Could the news be bad? Anything is posible in mining. As hard as I can look I see no reason to expect bad news. If there was no gold or platinum at BRX it would certainly not take this long for Bateman to find nothing, nor would they even be bothered with IPM The day is soon coming when the shorts and naysayers will have to pound sand or stick their heads back in it Call Eli 310-444-0996 The information contained herein is based on sources and data which we believe reliable, but is not guaranteed by us. This firm and/or their employees, officers or members of their families and investment portfolios managed by such organizations may have a position in the securities and/or options relating thereto and may make purchases and/or sales of these securities or options relating thereto from time to time in the open market or otherwise. Furthermore, this information is furnished for information purposes and is not intended to be construed as an offer to buy or sell securities.