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

To: Larry Brubaker who wrote (33073)	6/20/1998 3:47:00 AM
From: GlobalMarine	Respond to of 35569

Larry: Yes, they're on the list of memorables too. I'm not forgetting Eli Constantine, either. Up to as late as one week before the IPM debacle hit, he was telling me that they could extract the gold for $150 an ounce. I stopped calling after the debacle but decided last month to call just to see what else he had to say. He said "next week" would see some major developments regarding the resource statement. Yeah right, like no developments. He also said - in the future tense - that they will be testing out various recovery methods. In other words, no testing had been done. For different reasons, I'm pissed at LS Capital too. Their biggest mistake, IMO as a shareholder, was to hire Dick Lancaster, whose Shell Oil process engineering mentality led him to spend money like crazy and left the the pilot plant in worse shape than when he started. He has been reduced to being a desk jockey and will be phased out altogether soon, according to OTCFN (of course, this begs the question of WHY Montle still has him on the payroll at all). Cochise is a bust, obviously because there hasn't been news in months. The Griffen Gold spin-off obviously isn't happening because Griffen has only mining claims and NOTHING ELSE to show for itself, no pilot plant, no assays no nothing else. Now he's got some geology student on the payroll to do whatever. Extracting PMs from Tecopa requires NOT geologists but chemists. Sheesh, can't anyone in the DD arena do anything right?!