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Gold/Mining/Energy : International Precious Metals (IPMCF)
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To: Matt C. Austin who wrote (25401)11/11/1997 11:28:00 AM
From: Claude Cormier  Read Replies (2) of 35569
 
<< IPM and a couple of the other desert dirts are going to decimate the Cdn. mining industry >>

Be serious.

First, IPM is a canadian company and will be for a long time.

Second, even if the DD aresuccessful and end up producing 5M ounces per year sometimes 5-10 years down the road, this new production will be completely absorbed by the new demand.

It could be that the DD will end up as the lower costs producers, but this wont change the picture by mutch.
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