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

To: Zeev Hed who wrote (26487)	11/15/1997 5:19:00 PM
From: Karl Zetmeir	Respond to of 35569

>>The release states that we will not have a resource determination for another 12 to 18 months.<< I guess everyone reads what they want to read. What I read was there would be first, a resource statement on the first sq. km. grid. I believe those 2100 samples were taken from the first 100' and not to depth. I'd think we could see this resource calculation, based on whatever logically expected recovery numbers are developed, by the end of the year. Then, there will be a extensive (my term) drill program which will take the additional 5 grids to depth and undoubtedly require tens of thousands of assays to be performed. I would presume the first grid will also be taken to depth. This process will proceed over a 12-18 month period with a final resource/feasibility statement issued. As with any other mining venture, I have no doubt interim reports along the way will be updating us on a to-date resource calculation.

To: Zeev Hed who wrote (26487)	11/15/1997 5:45:00 PM
From: kimberley	Read Replies (2) \| Respond to of 35569

Zeev, I think you can be counted as impartial... you were in when you thought it would go up, and out when you thought it would go down. And honest about it. Someone who is just trying to make money, without any other agenda, is impartial. I think your take is right on, also. A lot of it depends on how much weight the market gives the fire assay. IPM didn't get the numbers it wanted, but it got coc on fire assay. That is a step, but don't know if it's enough to help right now. Interesting day Monday will be, eh? Do you know how long the company has to file the details of the financing with the sec? best, kim