International Precious Metals (IPMCF) Message Board

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

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To: TrueScouse who wrote (845)	12/19/1996 4:15:00 PM
From: Alan Vennix	of 35569

Howard, Not intending to quibble, but numbers from annual report (unless they renegotiated lease) indicate they originally earned 25% interest, could earn additional 25% upon commencing mining and processing operations, could purchase an additional 10%, and could earn up to an additional 20% depending on the size of the operations, for a total of 80%. I agree with the $70, but was using a conservative $50/oz. Fully diluted shares oustanding is a hard number to come by. Eli told me last week it was 18 mil but some of that was from memory. Not that any of these small differences amount to a hill of beans, compared to the hill of gold IPM is sitting on. Quoting from Bruce, "On to $700" !!!!!!!!!!!! Al

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