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

To: Albert V who wrote (26690)	11/16/1997 1:17:00 PM
From: Ron Struthers	Read Replies (2) \| Respond to of 35569

<< Ron, you say we shouldn't use the 9 samples in the release as an indication of grade. What are we supposed to use for grade indication THEN? They were only COC!>> Albert, I am not saying not to use them. I am saying we need more of them to come to any conclusion. Samples from two areas is simply not enought to come to any conclusion on the overall grade. Any mining company or engineering firm would tell you this. Unfortunately this is all we have for now <<Second, in the press release Bateman confirms that the nominated recovery process will most likely not be used for commercial development of the property.....and therefore should not be used for the purpose of calculating a resource.>> The fire assay results on the original 121 holes plus the others drilled, once they are completed will be used for calculation of resource. Bateman has other recovery processes in mind that they will experiment with We should see all these assays in a 3 to 6 month time frame with a resource calculation by Bateman to follow. Keep in mind that assay and recovery are two separate things. Typically hard rock miners will recover somewhere between 70% and 95% of what the assays read. Many believe the desert dirts will recover 100% or higher because of the complex ore issue. However it is premature to assume this right now. <<Third, a slew of information is supposed to be coming.( Where have we heard that before?) Fire assay results pulling the same values as already publicized, aren't going to do much in this market-Claude seems to say that lots of producing companies with proven reserves have market caps similar to Ipm's now. Don't you think Ipm is overvalued relative to the rest of the market?>> A way to measure and prove the gold has been the holdup. Now that IPM has a fire assay they can proceed like any mining company and assay drill results and report on them. You can make a good case for IPM being overvalued compared to miners with reserves. However an exploration stock is much more volatile and will be priced quite often on anticaption and speculation. For example another stock I follow, Western Copper, moved up 400 or 500% this week on a reported drill intersect of sulphides. We have not even seen any assay results yet. The stock is way overvalued or is it? A lot will depend on what the news is on assays Ron

To: Albert V who wrote (26690)	11/16/1997 1:21:00 PM
From: Daniel M. Whipple	Read Replies (1) \| Respond to of 35569

Albert, Your rage is understandable. Got a lot of it myself. The PR by itself without a clarification from the company is useless. It can not be disected because there is nothing to correlate it to. All the pertinent information was left out. Maybe a PR is not where you try to explain the information. Most companies which have explaining to do on a PR have a conference call to clarify. IPM is not large enough or well known enough to use this avenue. Hold off till we get the Q&A report. It will tell you what is going on. Make your judgement using both. Hope we are in for good news. LOL Daniel

To: Albert V who wrote (26690)	11/16/1997 3:39:00 PM
From: Joe Hartenbower	Respond to of 35569

Albert... Are you a shorter? Seriously! I think it is becoming very obvious that certain people are doing anything possible to scare people into selling. Your posts are really causing me to question your motives. I don't have any trouble with most negatives. I don't have any problems with most shorters. I have just quit reading their posts and the responses(when there are some). I am really getting tired of the very excressive blatent lies, leading questions, e-mail flaming and posts. I am beginning to realize that the biggest benefits of SI postings go to the shorters. Maybe they are the ones who own SI. Who owns it anyway? Is it public? I have never seen anyone get by with more lies, profanity and personal attacks than Charters. No matter what, he was never suspended or kicked off. He even blatently advertises his newsletter on his site. Maybe he owns this thing. Geezeeeeeeeeeeeeeeee >What are we supposed to use for grade indication THEN?< You are not suppose to use anything at this point. All you know is in a very limited area it averages .036 OPT. That's the equivalent of saying the average person in the world has one testicle and one tit! Geezeeeeeeeeeeeeee!