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 (25411)	11/11/1997 12:04:00 PM
From: Matt C. Austin	Read Replies (1) of 35569

>>><< IPM and a couple of the other desert dirts are going to decimate the Cdn. mining industry Be serious. >> I am serious and you still don't get it, of course. When the price of Gold drops a little further a lot of mines will be shut down. Supply-demand will come back into balance. When IPM's mine comes within a few months of coming on line, we'll see a tumble in prices again and the rest of the mines in Canada proper will close down. The only Canadian miners will be the ones with low cost operations OUTSIDE Canada. >>First, IPM is a canadian company and will be for a long time.>> I'll be real surprised if they don't re-domicile in the U S and drop the Canadian OTC listing by March 1, 1998. Their treatment by TSE and the Canadian press has been little short of atrocious. Why the hell would they want to stay a Canadian company??

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