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Gold/Mining/Energy : International Precious Metals (IPMCF)
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To: Amit Ghate who wrote (2791)2/21/1997 1:31:00 AM
From: Eric Tai   of 35569
 
Amit,
I like both companies though I only have small position in SG.
I use a very simple rule of thumb to evaluate base metal deposits.
I use 2% of the value of the deposit if they are economical but
not in the production stage.
Using this simple rule, I am able to put in a good
target value for quite a few companies.
But in this case, SG's laterite may not be economical and Canmine
hasn't really defined its resources yet.
Also Canmine's resources is not laterite -- if I remember correctly.
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