International Panorama Message Board

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Gold/Mining/Energy : International Panorama

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To: John Antoniou who wrote ()	5/29/1997 10:11:00 AM
From: Phil Cressman	of 264

Hard to believe that there is not more interest now that we have a conservative resource estimate and a minimum value to IPL of over $200 million US and less than 10 m shares. Even with a 50% discount for the political situation and dilution needed to raise the capital this stock should be worth $l0.00 US. It would be interesting to find out how the shares are held. I have to believe that this company could be taken over by a major copper producer in the $5 to $8 range. The company must be into serious negotiations now regarding financing for the construction of a mine.

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