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

To: Alan Vennix who wrote (26408)	11/15/1997 10:23:00 AM
From: Rock Doctor	Read Replies (1) \| Respond to of 35569

Alan: thanks, but I have no email address (nor home) at the moment! I'm on holidays, in between changing jobs and moving continents. Should be settled and back on line in a month or so ... Nomadic Rock

To: Alan Vennix who wrote (26408)	11/15/1997 11:05:00 AM
From: Hans Smedema	Respond to of 35569

Alan, Well, the news release from IPM was disappointing as it didn't proof the recovery of 0.25 oz/ton gold, 0.30 platinum and 0.30 palladium as we expected from several bulk tests earlier. Those were from small to big bulk tests and confirmed 0.25 oz/t gold without any degradation, meaning consistency. We now have fire assay 0.045 average oz/ton on a few samples from Bateman (and almost the same gold equivalent silver), almost the same as two years ago confirmed by Behre Dolbear. Platinum & Palladium pending. No recovery grades yet, pending also. Looking at Naxos, we see a similar situation. They have COC of 0.06 & 0.07 oz/t gold, 0.09 platinum & 0.09 palladium. No mention on silver if memory serves. But they talk about 0.8 oz/ton total with a second stage added, and even 3 oz/ton with an third stage added. COC on those any moment now. In fact very similar to the IPM situation. GPGI is close to proving cash flow from two refiners also any moment. A scam is proven wrong, this is very very real. I have no idea why the bulk testing for moth's doesn't work for Bateman of BD, but it must have to do something with inconsistency??? Or is it regulations from nasdaq? So we will have to wait a bit longer to solve the problems. Fundamentals are still in place IMHO, so I will hold those shares for at least another year. Looking forward for the news on Naxos and GPGI in the meantime. Have a nice weekend, Hans (opening a nice bottle of wine, to get over it)