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

To: Zeev Hed who wrote (32086)	5/9/1998 1:32:00 PM
From: Mr Metals	Read Replies (1) \| Respond to of 35569

This is when EVERYONE should of sold IPMCF. How hard does someone have to be hit across the head before the understand the facts. International Precious Metals Corp - Journal says president "highly delighted" International Precious Metals Corp IPMC Shares issued 16759407 1997-05-23 close $12.5 Friday May 23 1997 The Wall Street Journal reports in its Friday edition that amid turmoil elsewhere in the gold industry, International Precious Metals shares are holding up well, giving the small Toronto-based company a market value of about US$158 million. Reporter Carlos Tejada says the company's stock has remained steady despite questions, going back several years, that surround its main property called Black Rock, west of Phoenix. IPMC describes its site as "perhaps one of the largest precious metals finds in North America." (FIRST CLUE TO SELL) Arizona state geologists, however, say the site has little or no gold, the same conclusion reached by some of the company's early tests of the area. (SECOND CLUE TO DUMP) The stock rose from US$2 in August to a high of US$14.50, before slipping back to US$9.31 by Thursday. Audits by IPMC's latest mining consultant, Behre Dolbear of Denver, show minerals, but the auditor did not say whether the site is economically viable. IPMC president and CEO Lee Furlong says he is "highly delighted" with the interim results. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com There's more. Even Bob Bishop said he wouldn't touch these stocks with a ten foot pole. HOW MUCH MORE INFO DID THEY NEED BEFORE THEY SOLD! International Precious Metals Corp - Post says desert sands controversy still swirling International Precious Metals Corp IPMC Shares issued 16759407 1997-06-25 close $10 Thursday Jun 26 1997 Also Naxos Resources Ltd (NXR) The Financial Post reports in an extensive article in its Thursday edition that until recently, most desert gambling has taken place indoors in the casinos of Nevada, but the venue is shifting outside, as some investors flock to a new breed of speculative venture that holds out the promise of pay dirt in the sandy soil of Arizona. Reporter David Thomas says that several companies operating in the state claim to be on the verge of establishing new ways to extract vast quantities of previously unrecoverable gold and precious metals. Stacked against all the hype and promise, however, is the skepticism of the mining establishment. Robert Bishop, editor of the Gold Mining Stock Report, says that investing in these ventures requires a great leap of faith because there is no real precedent for any of them. Mr Bishop says he has avoided all the desert sand stocks like the plague as it is no longer possible to differentiate between any of the companies. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com MR METALS PS. One more HUGE CLUE TO SELL. International Precious Metals Corp - Globe says Arizona site low on gold International Precious Metals Corp IPMC Shares issued 17758280 1997-11-13 close $8.25 Monday Nov 17 1997 The Globe and Mail reports in its Monday, November 17, edition that International Precious Metals says long awaited independent tests have found gold at its Arizona mine site, although in smaller quantities than earlier tests showed. A Bloomberg News dispatch to the Globe says the results indicate that there is about one third the amount of gold found by the company's own tests. It announced its test results at its annual shareholders meeting in June. The independent tests used a "modified fire assay procedure." IPM didn't elaborate on the process or identify the Arizona lab that performed the tests. THAT WAS YOUR BIGGEST CLUE TO DUMP/GET THE HELL OUT, BRE-X ANYONE. Fire assays are the standard process the industry uses to determine the presence of precious metals. The testing was overseen by Bateman Engineering of Denver. IPM said the lab also found traces of platinum, although results aren't yet conclusive. IPM says the extraction process used for the test samples probably won't be used for the commercial development of the property. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com

To: Zeev Hed who wrote (32086)	5/9/1998 4:04:00 PM
From: Richard Mazzarella	Respond to of 35569

Zeev, the devil's in the details. You can look at the complex ore of 0.05 OPT and write it off. Others may look a experiments where Maxam can simply sieve dirt, at low cost and end up with 1/4 the dirt at 0.1 OPT. (Remember GPGI's enhanced dirt pile, they didn't wish the high OPT there.) Then one can find leach experiments where Maxam doubles the assay in recovery. The devil starts looking interesting now. Maxam's CEO is building a separate milling facility to serve other small dirt's in the area, he say their process is ideal for the "black sands" of AZ. The devil's in the detail and common sense. Why would someone defocus their main operation and build another milling and leach operation for others if they can't make a buck? The devils in the detail, and I'm not helping get my $0.25 shares am I?