Double Speak
First, a response is in order to trackman who said this at the beginning of a very long and lengthy analysis. And I quote
(1) The IPM/Bateman PR/sample report was intended to show recoverable gold and metals, and it did. (2) The Bateman report did not intend to report on the recovery factor of IPM's BRX land, and it did not.
exchange2000.com
You will likely fork over a recoverable grade of heheheap leached money.
I will stand by my original advice.
"Long on disbelief"
Bateman used a "nominated recovery process", they were "engaged" to do so. On the bright side of things we can now proudly announce fire assay results confirmed a long time ago, not only that but this time they are real, the last ones ?, "assay procedures in June", well look it up, I did, it is below. Bateman is doing recovery but we ain't hiring Bateman to do that. Bateman didn't do the fire assays, didn't we tell you that, they got the report. Sure our "auditors did that report", wait a sec, I will try to get a hold of somebody at the fire assays place, thats our auditors now, all they ever did was witness anyways, hold on I will call, you KNOW what, they did it again, there's nobody there.
Bateman said :
<<But since the recovery method is considered by Bateman to be non-commercial, they believed the amounts were not relevant. >>
<<Bateman has indicated that this testing should not be
used for the purpose of calculating a resource.>>
I would imagine....
If Behre Dolbear says it real, sure, it's real. Show us the report. signing sound. OK now, to what you had us doing out back there in the trailer with the glass bottles, thats not in anyway a mine you know. Heres is your report, it is non commercial. What numbers, the ones that mean it doesn't work, right there, here they are, you can't use those for any knid of resource calculation. Whats next, fire assays you say, sure. How many ? 2100 hundred, yah sure, you know it costs eh ? A lot eh? OK.
The words "economic" are used rather liberally here in regards to what it actually means. I think economic means relevant in mining, not much else does.
"spun" Ronnie "Is it economic? (put name here) seems to think so."
"unspun" "It would seem not "
<<But since the recovery method is considered by Bateman to be non-commercial, they believed the amounts were not relevant. >>
<<Bateman has indicated that this testing should not be
used for the purpose of calculating a resource.>>
If you are a small investor, you may have read my advice and stood firm today. Remember what I said. It goes around.
"If you have patience I still maintain your best position is long, on disbelief."
The Spin Doctors
exchange2000.com
Allan Doyle : Company President Double Speaking
"On Friday, the Phoenix-based company released its first test results from the Arizona site, which used a Modified Fire Assay procedure that was approved by an Arizona Registered Laboratory...market watchers, foreign to the process, compared those results to ones released about five months ago which used a "recovery" process.
How do I know it is double speak, take a look.
5 Months ago, just about when Bateman came on Board the Good Ship.
WHO IS DOING WHAT
Toronto, Ontario (June 24, 1997)
"The independent verification of the recovery and fire assay process, by Behre Dolbear & Company, Inc., the Company's mining engineering consultants and other independent and industry recognized laboratories, is ongoing "
Toronto, Ontario (August 4, 1997)
Behre Dolbear & Company, Inc., IPM's mining engineering consultants, that an additional 30 days is required to complete their independent fire assay analyses and review of IPM's recovery processes on IPM's Black Rock Property
September 11, 1997
its independent verification program has been expanded to include platinum group metals (PGM's) Bateman Engineering Inc. has been engaged by the... Bateman has been working in concert with Behre Dolbear & Co., Inc. on independent verification, which is being conducted to the highest level of standards and incorporates dual reports by Behre Dolbear & Co. and Bateman Engineering.
September 29, 1997
independent verification program being conducted by representatives from Behre Dolbear & Company, Inc. and Bateman Engineering Inc. has been completed. The team has sent the processed samples to an independent, industry recognized, laboratory selected by them for the determination of gold and platinum group metals.
Results from the laboratory analyses will be reported directly to Behre Dolbear and Bateman. Upon receipt of their independent reports
What you didn't know and couldn't know because it was never told to you was that the "the assay procedure announced in June did not withstand the rigors of third party review." So who did all this unreviewing , did it happen when we were at the big AGM bash.?
IPMCF PRESS RELEASE STATING BATEMANS ROLE
"Bateman Engineering Inc., an international engineering group with its U.S. headquarters in Denver, Colorado has confirmed, the presence of gold and platinum at Black Rock using the nominated recovery process"
<<But since the recovery method is considered by Bateman to be non-commercial, they believed the amounts were not relevant. >>
<<Bateman has indicated that this testing should not be used for the purpose of calculating a resource.>>
So Allan, are those Batemans numbers, did Bateman do anything besides COC on the samples and getting a copy of the report. Tell us fearless leader. What is it that we fail to understand, I am certain Bob J could understand anything you say OD, and I am sure many more would be willing to try.
I might think a revised future is in order and sure enough I am right.
I bet you shareholders are not even thinking about that financing thing anymore are you. ???
The time may be shorter than you think. Tell anyone who has to know. This is no time for playing "wait and see the PGE".
Double Speak
"Glad to see we are scaling back up those "bulk samples"
"I am actually glad this thing didn't go any lower. "
"I am not disappointed" |
