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Gold/Mining/Energy : Delgratia Mining (DELGF)
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To: Randy Giese who wrote (159)4/11/1997 2:18:00 AM
From: Larry Brubaker   of 532
 
Randy: I don't want to start an argument about the relative merits of IPMCF and Delgratia, but IMO, IPMCF is a much better speculation at this point in time. Delgratia appears to be solely at the exploration phase. Yes, the assays look encouraging (from 4 holes), but indications of gold mean nothing unless you can recover economically. IPMCF is well into its process of demonstrating large-scale economic recovery of precious metals, a process that is being audited by a reputable third party.

Delgratia may well be worth a fortune. But at this point, given that Delgratia has only dug 4 holes while IPMCF is about to demonstrate recovery, and given that both companies have a similar number of shares outstanding, I sure wouldn't pay more for Delgratia shares than I would for IPMCF.
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