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

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To: Zeev Hed who wrote (6)9/2/1996 10:44:00 PM
From: Daniel M. Whipple   of 35569
 
Zeev: 27,000,000 oz. PT is only in the first 100'. Times 3 =81,000,000 oz. PT. & 40,000,000 oz. Gold. Granted it probably take 50+ years to mine. The price of PT does concern me,but I agree with Eric as to who will be hurt. The four companies pursuing the same basic projects, is this something new in the sense that real(?) efforts are being made to put these mineralizations into production? The references have been made that the team that IPMCF has are from Austrailia(which has arrid conditions)mean that Australia is already producing from similar geo.

Regards,
Daniel
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