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

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To: Zeev Hed who wrote (7967)5/8/1997 10:18:00 PM
From: Daniel M. Whipple   of 35569
 
Zeev:

I know Bre-x fiasco is going to affect the juniors. Probably for the good.
Zeev, you have been very critical of IPM management in the past. In November, I tried to bring to this thread IPM's effort to obtain ownership of Black Rock using the reference of the problems Bre-x was having with the Indo government. No one wanted to respond. I have felt that management recognized the legal situation Bre-x had gotten itself in and quickly recognized that the same could happen to them. Verificaton a MUST. They were farsited enough to realize it was crucial. I have to give management a big handshake. I think the institutional investors are recognizing this also. The requirement of third party verification is going to put IPM way outfront of any of the other Jr. exploration companies. Actually Bre-x debacle is possibly going to be a great boost for IPM.

I have really enjoyed your posts lately on IPM. I find you are a little more interested in IPM as a company.

BTW: I sold my GPGI the day after you did. I do give your opinions due consideration.

Best of Luck

Daniel
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