[Vision2020] Why there was not a county wide mineralextraction moratorium!

[lfalen]

I think the quote was made by P.T. Barnum
-----Original message-----
From: Mark Solomon msolomon at moscow.com
Date: Fri,  4 Mar 2005 15:28:00 -0800
To: "Art Deco" deco at moscow.com
Subject: Re: [Vision2020] Why there was not a county wide mineral
	extraction 	moratorium!

> For a good read on what a scam this company is, go to this bbs for 
> IMA investors. I think it was WC Fields that said,"There's a sucker 
> born every minute."
> 
> 
> http://www.investcom.com/cgi-bin/redir.cgi?url=http://www.stockhouse.ca/bullboards/forum.asp?Symbol=IMA%26table=list&frame=frame/house.html
> 
> Mark Solomon
> 
> 
> At 1:17 PM -0800 3/4/05, Art Deco wrote:
> >Why there was not a county wide mineral extraction moratorium!
> >
> >Can you spell corruption?
> >
> >
> >Art Deco (Wayne A. Fox)
> ><mailto:deco at moscow.com>deco at moscow.com
> >
> ><http://www.imineralsinc.com/>   <http://www.imineralsinc.com/>
> >         <http://www.imineralsinc.com/> 
> ><http://www.imineralsinc.com/ir/> 
> ><http://www.imineralsinc.com/ir/newsroom/> 
> ><http://www.imineralsinc.com/president.html> 
> ><http://www.imineralsinc.com/#clay>
> >  2004 President's Message
> >
> >In 2004 we built upon our accomplishments of 2003 to leave 
> >i-minerals inc. poised to take the Helmer-Bovill 
> >Feldspar-Quartz-Kaolin project to the next stage in the development 
> >process - feasibility.
> >
> >In October 2003, coincident with the closing of a private placement, 
> >the Company received TSX Venture Exchange approval of our property 
> >agreement with Idaho Industrial Minerals ("IIM").  Securing Exchange 
> >approval of the agreement was an important milestone for the Company 
> >as the filing had been ongoing since 2001.
> >
> >In December 2003, the State of Idaho approved the Mineral Lease 
> >applications and issued the Company Mineral Leases.  The combination 
> >of Exchange approval and the State of Idaho granting of Mineral 
> >Leases has created legally binding, regulatory approved property 
> >rights that resulted in a solid land tenure for the Company in the 
> >Helmer-Bovill property.
> >
> >In January 2004, we completed the name change process approved by 
> >the shareholders as part of the October 2003 Annual and Special 
> >Meeting of the shareholders.  While this may seem insignificant on 
> >surface, it is an important development for our marketing 
> >initiatives.  Like all industrial minerals companies, we must 
> >identify and approach prospective customers and convince them of the 
> >Company's service, the product's quality and the transportation 
> >advantages we offer.  We believe the "i-minerals" name reflects the 
> >Company's business practices and can be readily branded making it 
> >easier for our marketing staff to approach and engage the major 
> >corporations we seek as customers.
> >
> >Coincident with seeking Exchange approval of the property agreement, 
> >our geological staff, led by Dr. James G. Clark and A. Lamar Long 
> >began geological modeling to define the factors that controlled the 
> >mineralization at Helmer-Bovill.  This entailed countless hours of 
> >field mapping and re-logging of drill cores from previous drill 
> >programs and detailed petrographic analysis of samples from rock 
> >formations throughout the property.  Based upon this thorough work, 
> >we built a geological model that explained the zonation of the 
> >minerals of economic interest and offered predictive capabilities as 
> >to where we might locate greater concentrations of sodium feldspar 
> >vs. potassium feldspar and where we might expect to locate 
> >additional kaolin mineralization.
> >
> >To confirm our belief in the viability of the minerals of economic 
> >interest, we undertook a preliminary market survey in an attempt to 
> >gauge the market interest for our mineral products from prospective 
> >customers within the geographic areas that offered the customer 
> >transportation advantages.  The response was very encouraging and 
> >directed our focus towards developing a mixed feldspar product.
> >
> >Driven by this market research, we elected to test our geological 
> >model by attempting to identify a mixed feldspar deposit.  In the 
> >fall of 2003 we embarked on a drill program.  This program proved to 
> >be a success as it validated the geological model and defined an 
> >inferred resource.  As the pages that follow discuss in more detail, 
> >this drill program defined a substantive inferred resource that is 
> >sufficient to support many years of production at the envisioned 
> >production rate.  The grantitic complex that hosts the resource has 
> >tonnage potential many times that identified within the inferred 
> >resource.
> >
> >In March 2004, we attended a State of Idaho sponsored Export Forum 
> >where we had the opportunity to meet trade delegates from a number 
> >of Asian and Latin American countries.  The meeting provided a level 
> >of confidence that there is substantial interest in our feldspar 
> >products in a number of these markets and our location near the port 
> >of Lewiston offers us direct access to these markets and a 
> >transportation advantage.
> >
> >In June 2004, we created a composite sample of drill core from holes 
> >that comprise the inferred resource.  This large sample has been 
> >sent to a highly respected laboratory to be processed into feldspar 
> >and quartz samples and products for delivery to prospective 
> >customers for their internal testing purposes.  Based upon initial 
> >analytical results, we are confident the product samples will meet 
> >or exceed the customer's requirements.
> >
> >2004 was a very productive year for i-minerals. The Company has 
> >grown well beyond its beginnings.  While we have made significant 
> >strides in securing land tenure, establishing geological controls, 
> >defining inferred resource tonnages, producing product samples and 
> >developing customer interest, there remains much more work to 
> >complete.  Our objective for the next 12 months is to drive the 
> >project through feasibility.  Key parts of this process will be 
> >upgrading the inferred resource to a reserve, basic engineering and 
> >completing additional testing on the quartz and kaolin products that 
> >can be produced from Helmer-Bovill.
> >
> >We know from the petrographic work and analytical work completed to 
> >date, that the quartz associated with the Helmer-Bovill deposits is 
> >very low in iron and other mineral contaminants.  The petrographic 
> >work indicated that the limited iron detected was superficial as 
> >opposed to included within the quartz allowing for the potential of 
> >much simpler treatment and removal.  A high purity quartz product 
> >could offer the Company and the project significant "blue sky" 
> >potential as high purity quartz products can command prices in 
> >excess of $1,000 per ton as opposed to less than $50 per ton for 
> >more basic applications.  Production of even a limited amount of 
> >high purity quartz could have a pronounced impact on the project 
> >economics.
> >
> >Additional work needs to be completed on the kaolin mineralization 
> >as well.  In the coming months we intend to complete preliminary 
> >kaolin characterization to determine what products might be produced 
> >and undertake marketing studies to evaluate what opportunities might 
> >exist for the Company given the kaolin products we can produce.
> >
> >All of us at i-minerals look forward to the coming months with great 
> >anticipation as we work to unlock the vast potential of the 
> >Helmer-Bovill project.  On behalf of all of us at i-minerals, I 
> >would like to thank all our shareholders for their continued support 
> >as we continue to build the Company on a sound foundation of 
> >scientific results and engineered success.
> >
> >Roger Kauffman
> >President & CEO
>