International Precious Metals (IPMCF) Message Board

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

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To: Donald Watson, Jr. who wrote (13814)	6/28/1997 5:50:00 PM
From: Josephus	of 35569

Don ~ Cheap extraction costs are porported to be the "cream of this deal". I know nothing about the extraction costs. But, I don't see how anyone else can estimate them either until we know we have something that can be extracted and an understanding of the complete extraction process. Until we have independant verification on both, all we really have is speculation, which for the moment is still based only on the word of management (at best). All we have to do is look at the current stock price to get an idea of how much confidence the market has in management. IMO, the market's lack of confidence is due, in large part, to management's snafus in the PR department. If we want higher share prices, it appears we're going to have to have better management. How do we incourage that and still hold our shares?....as if selling our shares makes any difference. (note: As we expected "metal on the table" didn't help much.) Even Dr. Shaw has been quoted as to have expressed doubts about the extraction costs (this is rumor, because I didn't talk to him personally). Regards, Jody_/)~_

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