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

To: Furry Otter who wrote (26366)	11/15/1997 2:06:00 PM
From: J.L. Turner	Respond to of 35569

Furry you asked for thoughts. after sleeping on it and rereading the posts. Good points and news: There was a confirmation for an assay procedure for gold that was performed by a registered Arizona lab. Gold and platinum were confirmed present by independent verification. Fire assays are almost always lower than recovery-Karl Zetmeir Meaning we probably will recover more than assayed-perhaps much more Arizona department of mines look like a bunch of idiots-Don Potenza And vindictive to Ore has come back that would not standard assay yet recoveres .2oz. Strenlich Maybe we too can get .2 or better? A heapleach mine needs only .02 opt to be economical-Bob Marklee Once you can consistantly fire assay metal it can be extracted-Lew G. This is the same ore that IPM was reporting .8opt-Karl Zetmeir now wouldn't that make a difference on the ol bottom line The assayed silver is worth about 80% of the gold-John Wetterau Gee another likely profit center Bateman Engineering is staying on to develop and expand the program internationally recognized management that's nice Doyle writes that he is finalizing $10mm using a convertable note tied to 125% of IPM's share market price.That makes me think he is pretty sure of the sucess of IPM and so are others.IPM and Omega are extending the time on the payment of the money for the property .That 's positive the whole thing begins to sound like a win win deal. I got so excited on that one I forgot to note the author sorry IPM management was smart enough to post the report on Friday after close.this prevented a massive selloff. Do you suppose that they wanted calmer heads to analyse this? Bad news and points IPM stock probably won't close above 100 on monday Now that really hurts The flippers won't be able to make a huge profit on monday This doesn't hurt so much either Conclusion: They have the goods Gold verified in commercial amounts Silver verified in commercial amounts Platinum verified existance suspected to be in commercial amounts They have the management internationally respected in Bateman. They have financing in place Heavens they might even have a plan on how they want to get to production. Now ask yourself Are there any mines in this world that make money producing almost exclusively gold? Are there any mines that make money producing mostly platinum? Are there any mines in North America that produce Gold ,silver and platinum at the same site all in commercial quantity? If there were such a mine would it not be priced at a premium sense it was producing strategic metals in a political safe environment? Also ask yourself If you were a fund manager in the mining sector would you not be aware that midas is generally perceived to be the premier fund? Would you not be aware that Midas did not invest in brex and that you probably did.they made you look pretty silly didn't they? Midas is a confirmed investor in IPM.If you were a fund manager would you be willing to take the chance that Midas has found a shooting star and that you were too stupid to invest in it.If Midas made you look like a fool again would you still have a job? I think the funds will be buying in ernest this week and that Ron Struthers will be proven correct in the end. J.L.T. P.S. I took a big bite of humble pie yesterday.I was guilty of irrational exuberance.