International Precious Metals (IPMCF) Message Board

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

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To: Andrew G. who wrote (4857)	3/26/1997 11:55:00 PM
From: Randy Giese	of 35569

Sorry, but I think people are only kidding themselves when they tell you that the Bre-X problems do not affect IPM and the rest of the dirts. Indonesia was already not so hot because of the corruption of government. The desert land rush would have resulted regardless of the Bre-X fiasco. However, now we may face the possibility of having the entire mining industries ability to accurately estimate reserves questioned and ridiculed. How is this scenario good for IPM when they have the added problem of a new recovery process that is not yet accepted by the mining industry itself? Assuming IPM has the goods, I am hoping for a $100 stock in two years time. Now, they could remain terribly undervalued until they prove themselves through production which I'm not interested in.

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