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Gold/Mining/Energy : Int'l Pursuit (T.IPJ)

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To: Michael Brody who wrote (195)3/27/1997 11:58:00 PM
From: Oliver Macko   of 835
 
Kudos to Ron Everest for your valuation summary.

Michael: the more progress that IPJ makes in its exploration, the more it can distance itself from B...X. At that time, valuation will again become relevent. It also seems that the market has forgotten that IPJ has good prospects in other countries. How dumb has the market become? My shares of ARZ, a Canadian mining company with no development outside of Canada, dropped by about 10% due to B...X. Go figure. Hell, I guess we should expect shares of Ford to drop because Walsh is known to drive a Taurus!

I took advantage of today's IPJ (and SHF) prices like many of you did.
Regards, Oliver
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