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

To: Anne Lamb who wrote (26600)	11/15/1997 11:36:00 PM
From: Zeev Hed	Respond to of 35569

Anne, I have answered this question about GPGI about ten times, but the response always drawned in a shower of, well ...what was, was. GPGI does not have the money to do a good COC, furthermore, the nature of their ore is such that normal fire assay wwill vary all over the place. They chose to get the metal out and slowly build sufficient cash out of the operation to increase its capacity. In their case, because they believe they have more than about 8 ozes of goodies per ton, they felt this is appropriate (why give away the store if you can keep it). IPMCF does not have that kind of concentration, it will thus take massive capital to extract the same amount of goodies, for that they neede a resource certification, which hopefully they can shop to banks and institutions and get the money to get the thing going. Just two different set ups. Since IPMCF's strength is ingetting money, and GPGI's strength is getting the metal out, each of the two played to their respective strengths, and that is how it should be. Zeev

To: Anne Lamb who wrote (26600)	11/15/1997 11:45:00 PM
From: strenlich	Respond to of 35569

Dont know if this is so, but don't listing requirements need assays? Also If I had committed to first recovery system I was introduced to, my cash would have been comitted (serious money down)and I would have been unable to get involved with second which promised greater recoveries and less cost/oz.,. They both happened within two months, so alot may have happened to IPM. You start going one way and options increase and it can be pretty confusing from a management perspective. But I believe with a Public Company and shareholders coming down on you, once the numbers are crunched you should recover, even if on a small basis. It is cash flow and momentum. For instance how much money are they spending on looking for the "source" of the mineralization? Most people I talk to say it's a waste of time and money. You can get into production on a small basis for 4-5 Million. Probably some guys are doing it for less. Sorry to ramble. regards-strenlich-