International Precious Metals (IPMCF) Message Board

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

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To: Bruno who wrote (24254)	11/4/1997 11:59:00 AM
From: Bob Jagow	Read Replies (1) of 35569

Bruno, I'm not betting that Au will be lower--just posited to Otter that no news isn't good news, told Kim that I thought 0.15 opt Au would be well received, and cautioned Howy that recovery costs will be a fuzzy read in this report. (Perversely, of course, we could be well rewarded for the long delay in reporting the #s.) "$8 max by Christmas [if 0.15 opt]?" I think the price could hit $20 if the [$27M still?] PP goes as well as I hope. Bob PS to Howy/Kim: Somehow I confused Hays $15 valuation with 0.15 opt--he actually derived his $15 valuation by discounting "IPM's claims to have achieved yields of 0.8oz/t of gold, platinum and palladium" by a .25 combined risk factor--sorry about that.

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