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

To: Raye Derickson who wrote (26204)	11/14/1997 6:28:00 PM
From: Karl Zetmeir	Read Replies (1) \| Respond to of 35569

This is the same ore that IPM was reporting a .8 AFTER recovery procedures .... Nothing has changed ... unless You believe that Lee & Paul got up infront of the AGM and were bald face liars ... I don't believe that for one minute ... and ... there were undoubtedly others in the audience who could confirm the work done to get the .8 To THall ... does the term Chain of Custody by one of the largest most credible eng. firms in the world mean anything to you? That's the difference between now and 2 yrs ago! And that was the purpose of this report.

To: Raye Derickson who wrote (26204)	11/14/1997 6:32:00 PM
From: John Wetterau	Read Replies (2) \| Respond to of 35569

All, a shock for sure! Using round numbers, the assayed silver is worth about 80% of the assayed gold. And, of course, we don't know about the platinum or about recoveries possibly/probably greater than the amounts measured by the fire assay. Bateman's ongoing involvement is a plus, if it is true. What I find annoying is not knowing what happened. Presumably Bateman did not sign off on the present recovery process. Why? What happened to Behre Dolbear? Martin Hay's assessment of the development time would appear to be right on. We could well have a huge winner here, but what credibility does management have left? Not once have they admitted to mistakes (that I know of), not a good sign. Monday the price will be attacked by the shorts; I think we'll be lucky to close over 2.50; we'll probably be below 4 in 15 minutes. What to do? Bail and take the loss? Forget the whole thing, hold on, check back once a month figuring to be back to 5 in six months? What are y'all thinking? Otter, aren't you just a little miffed at the e-mail you got from the company saying that all your questions would be answered very shortly (the implications of its tone)? We don't have scam here, but maybe we do have mediocre... All you guys who were at the AGM and who were impressed with management, Dr Shaw et. al., what are you thinking? Have we been mislead? What's happening? Something doesn't add up. John