Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Bob Markley who wrote (26898)	11/16/1997 10:35:00 PM
From: Zeev Hed	Respond to of 35569

Bob, I am sorry, but Immight not have been very clear, we already had a HUGE low grade body in March of 1996, all the insitutions that wanted in on a huge low grade body with uncertain extraction costs are in. Those that will be disapointed will be looking at the last 18 months, the waste of I would say some $6 MM in resources to get back to same point we were. They will be looking at Christmas in July, the promise of 1 oz/ton tota; goodies, the promise of a process which is now termed "uneconomical" by Bateman, the promise of a new "Fire Assay" at the AGM (which I have stated quite clearly at the time could not possibly be reprroducible if it was just an 11 days old newborn) which is now defunct, the aquisition of a large chunk of land without having any idea of it true resource value for (if memory serves some $27 MM with some $17 MM plus still needing to be paid), and this is the short version. I believe that one or two managers are going to say, you fool me once, I am a fool.... Do not forget, these institutions are competing with each other, they may whisper to Ron and each other one thing, but they will vote with their shares, so watch the voting. Zeev Zeev