International Precious Metals (IPMCF) Message Board

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

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To: Richard Mazzarella who wrote (27107)	11/17/1997 12:25:00 PM
From: Larry Brubaker	Read Replies (1) of 35569

Well I'm out at $3.5 and happy to get it. As far as I'm concerned, this company now does not deserve a larger market cap than Maxam. Similar fire assay numbers, Maxam already supposedly has an economical recovery process, Maxam has more dirt, Maxam doesn't owe Omega $30 million, and Maxam is supposedly going into production in April. But even at these levels, IPM's market cap is double Maxam's. The only points I see in IPM's favor is their ability to raise money, and maybe Bateman versus Hewitt. Let's face it, they are all crapshoots.

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