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

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To: Gidget who wrote (22654)10/17/1997 4:28:00 PM
From: Franz Drinker   of 35569
 
A good friend of mine asked me to check out this stock for him; I did, and told him to check back in 10 years. This company will not be commercially producing precious metals for a long, long time--years and years. No one doubts that there is gold and pgm's there...that has been known for forty years. The problem is that it cannot be extracted in commercial amounts for a profit. This problem is no where close to being solved. In the very long term, this might be a good speculation. In the short to intermediate term, it is only good for trading--profits can be made on its volatility.

~FD~
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