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

To: J.L. who wrote (31042)	3/18/1998 6:43:00 PM
From: go4it	Read Replies (1) \| Respond to of 35569

JL, Good to see you again or at least your initials. It is difficult to tell what has been happening with IPM. Not much news coming out these days. Positive news from Naxos will not likely effect IPM at this point IMO until the difficulties with IPM are addressed. I do think that it is good for the group as a whole.

To: J.L. who wrote (31042)	3/18/1998 8:26:00 PM
From: Richard Mazzarella	Respond to of 35569

JL, Naxos had nice numbers for a desert dirt (0.2 OPT head ore). They suffered a similar fate of IPM. Promising more than 10 times what was proved (3.0 vs. 0.2 OPT). However 0.2 OPT classes as high grade ore if it can be extracted economically. Everyone interested in the dirt's should be enthused by the Naxos report today. After everything is said and done, I still expect IPM to show metals typical of Maxam work. Extraction at 0.1+ OPT is still a lot of metal. Of course the cost for extraction still remains the issue, but with a technology similar to Maxam expected cost, IPM would have a world class mine. This of course is one hell of a lot of speculation on my part, but isn't that the nature of these stocks? You may still get your money back plus.