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

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To: Eric Tai who wrote (3071)2/28/1997 7:03:00 PM
From: john brefeld   of 35569
 
Joe Staneszewski (sp);

Hey Joe! I hope you didn't sell ALL your Naxos stock. I know you don't have a lot of faith in their mgmt. but believe me when i tell you that this Co. is going to be much, much bigger than IPM. It is just going to take a little time to get their ducks in order. The gold and other PM's have been there all along; it is just recently that they have been able to figure out how to get them out of the ground @ a good $. Franklin Lake is an enormous deposit.........no one knows for sure just how big but my friend on the inside says it makes Bre-x look like a sand pile. Subtracting that number by logic and you still have a company that will value out at a MINIMUM of $400 per. So do yourself a favor.....buy it back if you sold it all and give your grandkids the 100 acres in Vail they deserve!!!!

John
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