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

To: Larry Brubaker who wrote (31466)	4/6/1998 11:19:00 PM
From: Richard Mazzarella	Read Replies (1) \| Respond to of 35569

Larry, you have me confused. Wasn't the AuRIC recovery supposed to be somewhere in the 1 OPT range? Le said that chickens were coming home to roost, Tim Hall said that chickens shit PGMs, and my head spins. Nobody knows what is going on here other than IPM did demonstrate ~0.05 OPT in the past and we can speculate a forecast on IPM based on what we know about Maxam. All this is just speculation, of course, from everyone IMO.

To: Larry Brubaker who wrote (31466)	4/6/1998 11:44:00 PM
From: KipferlMeister	Respond to of 35569

Larry, There's no question that the 0.25+ so often quoted in IPM's press releases was meant to be representative of the entire first square kilometer, and not an anomalous reading from one hot spot. The December 19, 1996 release that first announced the "breakthrough" detailed assays of 6 holes, averaging 0.30 (.25+). The average grade of those same 6 holes as read by the old leach was 0.053 -- only slightly higher than the 0.047 which I believe was the average for the entire first k. I'm not sure what Ron is talking about. -Michael