International Precious Metals (IPMCF) Message Board

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

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To: virginijus poshkus who wrote (12285)	6/15/1997 9:24:00 PM
From: Zeev Hed	of 35569

Vargas, do not thank me on the economics, yet, my intitial model (which had still big holes) showed the site to be barely economical. John. W. on the other hand feels that the extraction costs are around $20/ton of ores. If he is right, it is a bonanza, if he is wrong, it will be a flop. I still have too many questions on the proposed extraction and the real costs to be quite bullish on this stock. I trade according to its technical rather than the fundamentals, and time is running out fast for the technicals to improve, If they do not, I should be out by late tuesday. Zeev

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