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

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To: Larry Brubaker who wrote (22131)10/11/1997 11:37:00 AM
From: Ross   of 35569
 
Larry,

You said,
"Richard: I agree with you, the buying opportunity is here. I beleive the
shorts have started covering with the decline to $5.00."

As the end of sept. short interest was 734,654 shares and that would
take aprox. 2.66 days to resolve itself.. I do not believe short covering
will create much of a move to the upside...

Ross
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