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

To: Lew Green who wrote (26199)	11/14/1997 6:08:00 PM
From: Tim Hall	Respond to of 35569

Lew, I like you. I would respectively suggest that you stick to writing screen plays. Best wishes, Tim Hall

To: Lew Green who wrote (26199)	11/14/1997 6:22:00 PM
From: Karl Zetmeir	Read Replies (4) \| Respond to of 35569

>>I _think_ what happened is Bateman thinks they know better how to handle this material and IPM has basically handed the ball over to them.<< Bingo! And I think this is further confirmed from the PR: "However, the process utilized will most likely not be used for commercial development of the project." Again ... let's not have a kneejerk reaction ... what we have in this PR is PROOF under CoC the precious metals exist. No where do recovery procedures or anticipated recovery grades get addressed. People who were expecting these fire assays results (which are NOT the fire assays developed by IPM and mentioned at the AGM which have obviously not been consistent) to be the equivalent of assays on the "REFINED" metal ... are demonstrating their naivete. "IPM announced that three bulk samples taken from the original 1km2 grid yielded 0.82oz/t of REFINED metal which consisted of O.32oz/t gold, O.29oz/t platinum and o.21cz/t palladium." (T. Hoare) Relax folks .... I expect the stock to dip ... then go up on Monday. Let's not forget that Cerro Casale (Bema) is at 14,000 ft and one of the most inhospitable places in the world. Further, because their ore is NOT complex ... their assays are probably fairly equivalent to their recovery results. Years ago ... IPM got booted from the Canadian exchange because their fire assays were zero ... What we received today is "incontestible" proof the gold and platinum are there ... only a part of this story has been told! The institutions with professional geologists will understand the technology involved here ... Monday will be interesting!