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

To: bistineau_la who wrote (26580)	11/16/1997 5:44:00 AM
From: reg	Respond to of 35569

Bre-X made the same claim! Actual gold recovered will be 12-14% higher than the assays! Most conpanies I've followed actually cut their grades so that high narrow width assays do not distort reality. Doesn't matter though, gold companies are in the toilet except IPMCF because as Ron said they are bigger than Bre-X. Wonder why all the majors are not staking land all over Arizona, or not taking equity positions or financing these companies? Wonder why Placer just pumped money into Canarc and Etruscan when they can process .1 ounce ore in Arizona for $10/ton production costs? The majors must not have any PHD geologists since supposedly the desert sands will put them out of business if the gold price does not.