International Precious Metals (IPMCF) Message Board

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

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To: Doug Meetmer who wrote (3733)	3/9/1997 5:03:00 AM
From: brent hyatt	of 35569

To All: It's about 2 AM here in Southern California and since I don't have a real life, thought I'd have some fun with exagerated dreams of IPM's prospects. 1. Using 30' depth for 1st grid gives 50 million tons. Assuming .06 oz of Au per ton gives 3 million oz. Assuming gold price of $325.00 minus $150.00 extraction cost = $525 million. Divide by 20 million shares = 26.25 per share. 2. Assuming we can apply this to all 6 grids gives a share value of $157.50. (hold on, now we are going into irrational exuberance). 3. Someone on this thread said the CEO said the results were the same at much greater depths. Wasn't a 480 feet figure used? Aw heck, let's just call it 300 feet for round figures. This is an even 10 times the original depth, which brings the share price to $1575.00. 4. This of course doesn't take into account the platinum in the mined dirt or the gold in the bedrock which would easily kick the price to three grand or so. 5. Wasn't this fun!! Of course maybe we will flood the market with so much gold, it will drop to the price of pig iron. Hmmm... A LOT of assuming going on here..

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