International Precious Metals (IPMCF) Message Board

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Gold/Mining/Energy : International Precious Metals (IPMCF)

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To: Claude Cormier who wrote (27089)	11/17/1997 10:52:00 AM
From: Zeev Hed	Read Replies (1) of 35569

Claude, from a pure technical p[oint of view, the stock broke the support in the nid 3 from which it bounced twice this year. This support is now an overhead resistance. The gap between 3.5 and 5.5 will take some time before it fill, it will probablty require a major fundamental change, such as a mthod that can process the ore and extract the gold (about .04 or so oz/ton) for someting around $10/ton. This means that we will have to go to some heap leaching or other low cost technology. High temperature extraction and similar scheme may not be cost effective. If I was an owner of the stock I would use the opportunity of short term forrays above 3.5 to sell. I believe this is "dead money" for a good year if not longer. There are other opportunities. Zeev

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