International Precious Metals (IPMCF) Message Board

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

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To: go4it who wrote (1000)	12/27/1996 3:29:00 PM
From: TrueScouse	of 35569

Chuck: << is it currently the belief that the other grids will possess the same values?>> I have to say that it is _not_ currently the belief, because if it was, the share price would be very much higher IMO. My initial target price is based on an assumption that there is 0.25 opt of Au on the first sq.km. to 100 feet depth. That would be about 12.5 million oz of Au. But even this is not proven yet. We have to wait for the BD report to confirm an estimated reserve on this first sq.km. As for the other grids, who knows? It seems reasonable to hope that they contain similar mineralization, but we will have to wait for some initial exploration results for each part of the grid to confirm that. Meanwhile, there is a lot of work to do to confirm the figures on the first sq.km. BTW, they gave you post #1000 anyway! Mine showed as #1000 while I was writing it and immediately after I posted it, but you must have snuck in there. Congratulations! (Perhaps a good omen for your new holding in IPM). Also, any news on ADEX recently? Since this is the IPM thread, perhaps you could email me on that one. Regards, Howy

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