International Precious Metals (IPMCF) Message Board

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

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To: Bruce McGaughey who wrote (74)	10/3/1996 6:06:00 PM
From: TrueScouse	of 35569

Bruce: Seems like a bit of confusion here because your question was for Ron but the posting was addressed to me! I'll try to answer it anyway <g> << If the B-D report comes in at the middle of the range you expect, say 0.08 oz/ton, what kind of value do you see for the property and at what level do you see the stock price ?>> There may be a big difference between the "value" and the stock price. At 0.08 oz/ton, 50 million tons (in the first 100 ft depth of the first sq.km.), would lead to 4 million oz of gold (not counting platinum, etc.) Putting a value of $70 per oz, and with 17 million shares, this would give a "value" of over $16 per share. If the investment community begins to believe that, then IMO there is no reason for the share price not to move to that level. Allowing for a depth of several 100 feet and 6 sq.km., IPM should eventually be worth much more than that as they prove up more reserves. If they are also able to prove that the platinum exists and can be extracted economically, then the sky's the limit. It's all a question of belief in their story. Regards, Howard

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