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

To: Larry Brubaker who wrote (30936)	3/11/1998 11:38:00 AM
From: GlobalMarine	Read Replies (1) \| Respond to of 35569

Larry: I saw that e-mail post too and shook my head. What pathetic wording, just like past press releases: <<IPM intends to address the NASDAQ listing question with all of its available resources.>> Why did they waste resources on car loans, personal loans, investments in MG Gold and Namibian Copper, etc? Why didn't they address recovery process issues with all its available resources instead? <<As stated in previous press releases the company's technical programs continue to progress and are being conducted in association with a State of Arizona Registered Laboratory and Bateman Engineering Inc.>> If they had brought in Bateman early on in 1997 to evaluate what they were working on, maybe we could have avoided a major meltdown. <<1) A gold resource statement for the first 1-sq kilometer drilled grid.>> Wow, they have a resource statement but no way to extract the resource. <<2) Development and completion of a reliable platinum assay for Black Rock material.>> They cannot assay platinum currently. <<3) Proceed towards a feasibility program which will include the evaluation of recovery methods.>> They don't have an economic recovery method, and the stock price confirms it. <<We understand and acknowledge the uncertainty that currently prevails in the market concerning IPM. Management is actively pursuing resolutions to these important issues. Your patience and understanding is appreciated during these sensitive times.>> They spent a year on one lousy recovery method. We were pretty darn patient then.