To: d:oug who wrote (1407 ) 7/30/1998 7:27:00 AM From: Richard Mazzarella Read Replies (1) | Respond to of 1539
Doug, take some time and do a little shooting, you need to relax. <<go to Black Rock and take a shovel and put some desert dirt into a bucket>> Then what do you do when we come back with 3 or 0 OPT? Go visit the Maxam magnetic survey map, these deposits aren't homogenous. You get valuation through a sampling program. That's why that Coggins idiot who thinks he's a mining expert can't support IPM. He took some surface dirt and did an assay without knowing what pretreatment was necessary, or what he had. Besides management salaries, what do you think that IPM was spending its money on over the last couple of years? Reliable assay, something that "One Scoop Coggins" would never achieve. I refuse to make that same mistake. We hear that IPM now has a reliable assay and the numbers are good. I can't wait to hear them. We were seeing some numbers of ~0.08+ before the lights dimmed. Irrespective of what anything that has been said, or done by others, I return to my belief in Dale Runyon who sampled the dirt. He told me and others that IPM's BRX was good dirt. That in itself is good enough for me to invest in that property, period. I don't care if they have to temporarily turn the lights off and the company is left with only one employee caretaker. Some day that dirt will pay off bigtime. That's why I want current shareholders to continue to own that potential. I don't want to see that potential disintegrate. You can make things as complex as you would like, Jackson and Zeev with help you with that. I'm just look for simplicity, see my plan. We can address simple and eventually appreciate our investment, or we fail with complex. Complex is an agenda for failure IMO.