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: d:oug who wrote (32226)	5/17/1998 9:55:00 PM
From: d:oug	Respond to of 35569

Thanks to all for the posts today. For me, and anyone else that has not been here a long time, 32,000+ posts has a lot of history. Maby monday(aol) or tuesday(cdn) we can find out if Richard captured the bottom with his .25 buy. Hope so.

To: d:oug who wrote (32226)	5/20/1998 2:41:00 AM
From: BillyZoom	Read Replies (1) \| Respond to of 35569

Doug Spent the long weekend camping with the family so I'm a little late replying to your post. My post to Richard was to point out that palladium had hit an all time market high last week and that for the first time it had surpassed platinum in value. Price wise both Platinum and Palladium have been strong performers for the past year while gold and copper are at the low end of their cycles. IMO one of the biggest returns for the investor in the not so distant future will be in companies with a low cost recovery of platinum. It is the key requirement in the automobile fuel cells being developed by Ballard, Benz, GM and a host of other manufacturers. ballard.com Staggering numbers when you think about it. As your questions pertain to the Maxam recovery process and Platinum, Palladium and Gold,I'll try to get back to the point here. "Does this Maxam process recover all three metals" According to Hewlett and Maxam the answer is a definite yes. My basic understanding is that they use a closed Chlorine/Bromine leaching system to collect the metals and then different densities of resins to extract them. The process works with many metals and is supposed to be quick, efficient and economical on a small scale. As far as I know it is yet to be scaled up to actual production size and thus the unknown economics of the process. "Of these three, are all in dispute as existing in BRX" Gold has been proven via COC Fire Assay and independent verification by both BD and Bateman Engineering. Platinum has been officially announced to exist via COC and independent verification by Bateman Engineering. There is no dispute of any kind that Gold and Platinum exist on the Black Rock property. The dispute is if the metals can be recovered economically. "Is Maxam friendly to IPM, or a competitor? As friendly as two parties can be when one owes the other a lot of money. It is important that IPM succeeds to ensure Maxams credibility and financial endeavors. If the economics and resource size of the South West are as we've been led to believe then the competition for these companies will not be amongst themselves but with every current large scale,low cost producer. "Can IPM get access to the Maxam recovery process just to prove whether precious metals exist in the Black Rock area?" There is no need to prove that PM's exist, it has already been done via COC and independent verification. Regarding access to the Maxam recovery process all I can say is that everything is for sale at a price, whether its buying the technology for private use or paying the piper for the processing via 3rd party. "Would it be possible that IPMCF has no choice but to sell part of the farm to Maxam, just to keep from going into a state of limbo?" Anything is possible but this is IMO the worst case scenario for the future of IPM. There is just too much legitimate progress recently regarding the recovery of PM's from the South West desert that I personally don't see limbo as a viable option. Rob