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

To: O. H. Rundell who wrote (26143)	11/14/1997 4:26:00 PM
From: redbeardog	Read Replies (1) \| Respond to of 35569

what happened to:http://ipmcf.com/press/7-0624pr.html i'm not real happy at the moment

To: O. H. Rundell who wrote (26143)	11/14/1997 10:14:00 PM
From: Bill Jackson	Respond to of 35569

O.H.; Sorry to see the rather skimpy data set released today. If you average them you end up with a more or less 0.050 gold with a bit of silver, around $15-16 per ton or around $35-40 per cubic meter. It is well above the leachable threshold, especially as it is already finely broken and can be simply ripped, fragmented, screened and then piled on leach pads at a very low cost. It is possible to get $5-8 per ton net from it as long as it will extract with a low cost leach.(???) There seems to be tonnage. A square Km times 33 feet is 10 million cubic meters or about 30 million tons of 0.05 is $450 million in gold. Sure you can only get 35% of it, but that is $150 Million. In addition there are larger areas than oone Km square and deeper too. The hitch is the leachability tests. I assume BD is doing that. A ten year mine paying $1 per share is worth $8-12, and even more if larger reserves are found. Where is the platinum?? Did they ever do the Nickel sulfur fusions?? I do expect the share price to drop somewhat next week. I hate to predict a level, but those who have hope that the leach will work might get a chance for cheap stock. Bill