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

To: Che who wrote (31253)	3/26/1998 4:09:00 PM
From: Ron Struthers	Respond to of 35569

Lorett, it basically boils down to the same old controversy, are the metals there? How much? IPM said this? was it true? From what all I can gather, IPM reported accurately what info they had at the time. The problem is with this stuff (desert ore), assays and results can vary depending on methods used. IPM has the likes of Bateman and registered labs backing them on this. I have been trying to explain to many that you cannot draw conclusions on any one or two results or tests. It is going to take a lot of assays and tests to get reliable averages. At this time, Bateman will sign off on a resource number on the 1st grid. This will be our 1st real indication of how much gold is actually there. Typically these engineering firms will error on the side of caution This means that it is posible for numbers to improve over time and values for silver and PGEs added I have assumed, based on available info that this will be 0.046 opt gold, an equal amount of silver value and PGE grades the same as gold and posibly up to two times higher. I have heard of better numbers, but would rather be on the conservative side Hope this helps