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

To: Alan Vennix who wrote (28715)	11/30/1997 12:37:00 AM
From: E. Charters	Respond to of 35569

1) The "nominated recovery process" tested in the mobile trailer is not suitable for commercial application, # This is ridiculous. A test procedure is a test procedure. You can scale it on paper if it works. It's called engineering. (2) Results obtained from testing the 20 lb samples in the mobile facilities were "low" (whatever meaning that has), but # Results may even be salt (3) Bateman is researching applicable recovery processes, possibly including a variant of the bulk process IPM tested at FM which recovered 0.25+ oz/ton gold. # We hope so. Alan Stop dreaming. Its a scam. They are crooks. Stop looking for excuses for crooks. Its demeaning. Maybe OJ stopped for an ice cream cone for his kids on the way over to killing his wife too and that gave the Columbian drug dealers time to get in there and be the real killers.

To: Alan Vennix who wrote (28715)	11/30/1997 1:39:00 AM
From: Larry Brubaker	Read Replies (1) \| Respond to of 35569

<<It may be somewhat of a stretch, but it's possible to conclude from what has been released that, (1) The "nominated recovery process" tested in the mobile trailer is not suitable for commercial application, (2) Results obtained from testing the 20 lb samples in the mobile facilities were "low"(whatever meaning that has), but (3) Bateman is researching applicable recovery processes, possibly including a variant of the bulk process IPM tested at FM which recovered 0.25+ oz/ton gold.>> Alan: I guess you can't totally rule out #3 based on what IPM has said, but if that is in fact what has hapenned; WHY DIDN'T THEY TELL US THIS???? Why would they issue a press release followed up by answers to FAQ giving the impression that the recovery process yielding 1 opt PM's turned out to be "non-commercial"???? If your scenario is correct, the only logical reason for IPM's actions is that they wanted to see the price drop. Even IPM is not stupid enough to believe that when you have been hyping .25 opt au for a year, and 1 opt PM's for 5 months, that a release indicating .04 opt au is not going to result in the stock taking a nose dive. The only reason I can think they would want to see the price drop is that is the only way they could arrange for someone to finance this dog. Loan IPM money in return for cheap shares.

To: Alan Vennix who wrote (28715)	11/30/1997 5:00:00 PM
From: O. H. Rundell	Read Replies (1) \| Respond to of 35569

Thanks, Alan; Re: " By the time Bateman began conducting verification tests in September, the FM facility was no longer available to IPM or its consultants. This resulted in Bateman having to use the mobile trailer where testing was limited to 20 lb samples. Experimental conditions may also have been limited versus what was done at Friendship. I assume it was this set of experimental conditions that was referred to as the "nominated recovery process", which Bateman deemed not suitable for commercial purposes." Please consider the following: April 2, 1997 ------------------------------------------------------------------------ NASDAQ: IPMCF CDN: IPMC Recovery Demonstration Plant Acquired Toronto, Ontario April 2, 1997 - International Precious Metals Corporation (IPM) announced today that it had purchased a mobile version of the processing plant used during the development of its leach recovery process. IPM completed the plant acquisition from Friendship Metals, owner and operator of the research and development facility where precious metals recovery testing had been conducted. The plant will be placed into operation at the company's Goodyear, Arizona facility this week in order to accelerate and further optimize the recovery breakthrough for its Black Rock mineralization. The plant has a capacity of 20-kg/hour and can process up to 300-kg of ore per day in continuous mode. IPM's operation of the plant will allow the company to optimize the recovery process and produce concentrate samples for product testing by domestic and offshore refiners. Additionally, the recovery of precious metals from larger sample sizes inherently produces more reliable results than assays of standard 30-gram ( 0.03-kg ) samples. Seems that the mobile facility is being touted as adequate to do bulk testing. Re: " Was the process as tested in the mobile trailer different than the process that was conducted at Friendship in bulk quantities and reported at the AGM as capable of recovering 0.25+oz/ton gold? Did Bateman condemn the process as tested at Friendship or just the 20 lb process tested in the mobile trailer?" Alan, I honestly don't think anyone can answer your question on the basis of the press releases. Given what has transpired over the course of the past year or so, I strongly suspect that the press releases are purposely ambiguous and I am certain that the releases are incomplete with regard to releasing the guts of either the Bateman Report or the BD Report. The answer undoubtedly lies in the full Bateman report and the full Behre Dolbear report. Re: " It may be somewhat of a stretch, but it's possible to conclude from what has been released...." I agree that it may be a stretch <g>, and I wouldn't want to argue against any of your conclusions. The wording of the press release, something like "30 available processes", doesn't make me inclined to infer anything beyond a grab-bag of processes known to Bateman. Perhaps this is unnecessarily pessimistic. O. H. P.S., Joe, if you have something to contribute beyond name-calling, let's hear it.