Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Mr Metals who wrote (32065)	5/8/1998 11:19:00 PM
From: go4it	Respond to of 35569

There is no gold in Arizona because the idiot that runs the rock museum says so. Let us examine Arizona state history for a moment. The Arizona Town of Oatman was born in 1906 as a tent camp, flourished as a gold mining center, then was stricken a near fatal blow in 1942 when Congress declared that gold mining was no longer essential to the war effort, and all non-essential gold mining was halted. Oatman now receives throngs of visitors drawn by its history as a gold mining center, which produced over 36 Million Dollars in gold at 1930 prices. I think that the price of gold in 1930 was $20 /oz so that would have meant that 1.8 MM ounces were taken out of there. There is also a history of hard rock mining in the mountains by IPM. How can you question the substantial amount of gold there or even the ability to extract these metals economically. The masking of element have been known for hundreds of years and I can get my hands on the archived files to prove it. Summary : IPM's, Mxam's, and the rest have a complex ore .... well duh ..... the problem has existed for quite awhile. My beliefs are that the people working on this ore have not had the analytical skills to solve the problem. I do however believe that they have finally realized this, as of a little less than a year ago, that this was the case and they finally put their damn pride off to one side and have allowed qualified persons to come in and help them out. I have reason to believe that there are break throughs being made and that have been made in the extraction process and that IPM will be emerging with a successful process. I base this belief in the fact that a true scientific company is now working on it. If they adhere to scientific standards they will analyze the dirt, analyze the chemistry make-up of the dirt, they will form charts of chemistry changes in respect to time and leach solution and from that be able to provide a consistant extraction procedure. OK, so now we have a solution full of many ounces of precious metals. Now we have to determine how to get these metals out of a solution. Make a chart of known solutions for such an operation and perform a cost analysis on those procedure. Make a list of experimental extraction procedures and perform a cost analysis on them. With each cost analysis you have to take into consideration efficiency of the operation. I don't believe that the goal of IPM is to create just a profitable mining operation but create a power house. The so called FA shows gold values of approximately 0.04 oz/ton. If this is heap leachable than this is a very economic operation as there are operations in California operating at a cost of $238 per ounce with assays of 0.028. Cost effective ? How long do you think that the price of gold is going to stay down with respect to the US $ ? The signs of the stress on the dollar are already showing. I predicted the price of EEL for you and I have will make another prediction for you if you truely want to start making people money and that is buy IPM. Buy it now and just sit back and wait. I predict that the price of gold will be very favorable when IPM comes up with an operation. I predict that IPM will have a proven resource that will allow for forward sales of a massive amount of gold to ensure a long and profitable mine life for the company and many dividend checks for it's share holders. Play the stock if you want and I will wait for these predictions to unfold. Who knows? Maybe I will even buy a trading position so that I can hone my TA. Have a good weekend.