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: Chuca Marsh who wrote (34366)	11/4/1998 5:30:00 AM
From: KipferlMeister	Read Replies (1) \| Respond to of 35569

Chuca, At one point, when I thought IPM's only difficulty was precipitating the metals from their leach, I approached John Whitney (CEO of ITRO) with the problem, sounding him out on whether it's the type of thing with which he'd had experience. Itronics has at its core a demetalization process that is enormously efficient in dropping metals out of solution. He said that, yes, he'd tackled these things before, but didn't seem terribly interested in taking a crack at it. The man has a B.S in Geology, a masters in Mineralogy, and a PHD in Mineral Economics and had formed his own opinions about the dirts which I damned well should have listened to more closely. Still, I was considering putting the two companies into contact when the story coming out of IPM suddenly changed, and precipitation, displacement, ...whatever, didn't seem to be the problem any more. It just so happens that Paleo channels address the one reservation I had even as an ardent dirt supporter: the idea that the goodies were distributed homogeneously over such huge tracts just never washed for me. There's no way there could have been as many PMs as claimed out there. However, as a new buzzword to explain away yet another disappointment from one of these companies, "Paleo Channels" doesn't quite satisfy & the story of these disappointments has gotten very old, IMO. Understand, chuca, I still have no doubt at all that there's something weird out in the S. W. deserts which, by some methods of analysis, give off high precious metals readings. I've just become much more realistic over the course of the past year about the odds of this "somthing weird" ever translating into a profitable mine. I stupidly made (and lost) an oversized bet on IPM and am no longer willing to risk much on any of the others.