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

To: GOLDIGER who wrote (28690)	11/29/1997 11:17:00 AM
From: go4it	Respond to of 35569

I guess it is a very good thing that we have 3rd party verification from not one but 2 independent engineering firms. I sure would hate to get caught up in one of those bloody scams.

To: GOLDIGER who wrote (28690)	11/29/1997 2:05:00 PM
From: E. Charters	Respond to of 35569

well it sounds like a good description of Canadian Mining Promotion to me. The difference between a dirt pile scam and a real mining promotion may seem slight. And it has been pointed out that you can lose as much through honest incompetence or undercapitalization and bad markets as you can with a scam any day. I have a real dirt pile scam that reads exactly the same as most tenets of the above description. Mine is genuine but still might fail in a genuine manner for any of the above reasons that are set forth as excuses. But the chief reason it would fail is the reasons most businesses fail: lack of money. The first thing to ask in any mining scam is: Is the president honest? Second is: And does he intend to start a mine? No honest person will put in production a money losing proposition. However today's price of metals are absolutely immaterial. The average price over the next five years might be germane though. I guess it boils down to this. 1. Intent 2. ability 3. capital And finally the junior market. Which is all about what smells good today amidst this pile of garbage?