Imperial Metals (IPM.T) Message Board

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Gold/Mining/Energy : Imperial Metals (IPM.T)

IPM 1.880

-0.5%

Nov 18 3:59 PM EST

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To: Roman de Guzman who wrote ()	10/29/1997 10:13:00 PM
From: Roman de Guzman	Read Replies (1) of 1366

There was a press release of the remaining 10 holes from the Silvertip silver-lead zinc property in northern BC, 80 Km west of Watson Lake, Yukon. Hole Ag g/t Au, g/t Silver Creek 43 211 0.85 47 653 0.26 50 547 1.67 51 1520 0.08 53 365 1.48 61 496 2.16 62 228 1.59 Discovery North 60 234 0.11 63 472 0.93 63 309 0.45 I look at Ag as a more important mineral on this exploration. Imperial according to the report has now initiated a new ore reserve calculation based on this results and all prior exploration program. In regards to this quarter earnings, it was just an estimate based on their production of gold and copper. Also, Mr. Lebel mentioned in one of the press releases that its earnings will show significant increase on their first production. Based on their 6 months earnings of 0.03, earnings estimate for the year would be 0.14. Currently its P/E ratio is 40, therefore, the price would be about $5.00. However, gold price is depressed and we may not see that price estimate. Please note the 10 cents was only my best estimate. Nice to see your posts.

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