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

To: Theo who wrote (25380)	11/11/1997 10:29:00 AM
From: Claude Cormier	Respond to of 35569

<< CC, about the so called COC on .046. Could you please >> Was it really a COC? Not in my opinion. BD observed, monitered and received results. I would not based a case on this report. It is old stuff. The "apparent correlation" or if you prefer unexplained non-correlation makes the conclusion useless. But that is the past, now is 1997 and the way I understand it: --------------------------------------------------------------- Feb 13th 97: "Accordingly, the company has instructed its mining engineering consultants, Behre Dolbear & Co., Inc., to plan for their bulk sample tests during the week of March 11th. Additionally, IPM has asked Behre Dolbear to begin a two-phase program to determine the mining costs for its BRX (Black Rock Exploration) project. The basis for the studies is the first 1-sq/km grid that was drilled to a depth of 30 meters. The studies include an 'Order of Cost Estimate' and a more detailed, 'Preliminary Engineering Report for Mining BRX'. " March 11 97. "Based on the data generated from the pilot plant program, on March 17, 1997, IPM will turn over to Behre Dolbear & Co., Inc. the recovery process procedures for their independent review/evaluation that IPM's leaching procedures are an effective recovery process." April 2 97. "Lastly, IPM announced that Behre Dolbear & Company Inc. has commenced the next phase of analysis of Black Rock mineralization. This analysis will include the utilization of independent samples and ultimately the application of the precious metals recovery process to these independent samples. Spring 97 President Message. "I expect the weeks of April/early May to be a watershed for the Company. All of the 'chickens' (so to speak) should come home to roost. We anticipate refiners will report on the initial pilot plant concentrate shipments, remarks from Behre Dolbear's consultant metallurgist who is presently evaluating our recovery processes and completion of the initial 28 drill hole program surrounding BRX. "" ----------------------------------------------------------------- It is obvious that BD was hired to confirm the validity of IPM's new leaching process in the recovery of PM's as well as establishing a preliminary estimate on mining costs. This was to be completed in the spring. We are almost in the winter, something obviously didn't work as expected. Therefore..Lyco and Bateman came in to help solve the problems. What is the status now ??? I have no idea.. What is BD role now ? What is Bateman role ? I must say I am very confused. Hopefully, we will know very shortly I presume. What I hope we will get in the next press release: 1) Confirmation of recoveries and grades 2) Costs Estimates CC