And here are the comments from a real newsletter writer. You and Charters might want want to make some notes.
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Subject:
Jay Taylor's Weekly Hotline
Date:
Mon, 10 Nov 1997 10:05:15 -0800
From:
keith@kjmcap.com (KJM Capital Corp.)
To:
(Recipient list suppressed)
Subject: Weekly Hotline Message Summary
The following is a summary of the topics covered in J. Taylor's Gold & Gold Stocks telephone hotline message for the week ending November 8th, 1997.
This week our November 1997 issue is going to press. Be sure to subscribe so you do not miss articles on:
. An environmental company currently selling at $2 which we think has priceappreciation potential in the $50 to $70 range in three to five years and ;
. An high technology company with an ability to lower gold recovery costs by $50 to $60 per oz., to lower the cost of heavy oil recoveries and to solve environmental problems associated with past mining projects.
See subscription details at the end of this message.
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"DESERT DIRT" COMMENTS
I am hopeful that the long awaited news from International Precious Metals will finally be received during the coming week. This news, if as I expect it is positive should certainly give this company and junior mining stocks in general, a shot in the arm. What I have observed among the desert dirt companies is very strange. Most investors in these companies are not very sophisticated with respect to mining and the discussion has become very emotional. There are those who are cheering for Naxos. Others think Global Platinum and Gold is the cat¡s posterior end. Much of the discussion on the
Internet, especially on the Silicon Investor reflects the ignorance of these investors who do not seem to understand that all of these companies have projects that are at least as complicated as any other major mining project.
In the case of California, the ability to advance projects can be expected to be especially difficult given environmental concerns there.
What is clear to me is that there is only one company at this time that has assembled a management team capable of advancing a project from exploration to production and that company is International Precious Metals. The stock prices of some of the other companies may do well, but if you ask me which company has the horses to get the job done, the only one I see is now is International Precious Metals. To a lesser or greater extent, most of the other desert dirt companies are little more than "paper plays", at least at this time. Having said that, I believe all the desert dirt company stocks should have a considerable ways to run on the upside when the industry begins to understand that that this segment of the mining industry is indeed no
hoax. A major step toward that realization should be taken when values on IPM's properties and its fire assay process are verified by Behre Dolbear and Bateman Engineering. At some juncture, hopefully sooner rather than later, the market will sift out the real desert dirt companies from the pretenders.
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