International Precious Metals (IPMCF) Message Board

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

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To: Joe Hartenbower who wrote (27194)	11/17/1997 4:08:00 PM
From: Claude Cormier	Read Replies (3) of 35569

<< I received your publication this last weekend and was not impressed with it's sharing of facts, IPM analysis, completeness, veiled recommendations, fairness and over all professionalism. >> It is your opinion. Others do now share it...including one of your friends. << It seemed to me that you are very resistent to something that does not follow the model of the traditional mining and/or exploration stock. >> I don't see anything different in IPM than any other junior mining companies. Evaluation methods are the same. Only the potential is larger here. And I recognize this fact several times. << On the other hand, you have spent much more time on and were much more positive about conventional or traditional juniors and producers which have done absolutely terrible. >> All companies have their merits. Since I started to recommend publicly mining stocks in 1993-94, many are still up several hundreds percent. This year has been a very bad year for all. The Toronto silver and Gold Index is down 42% since last January 1st. The Midas Fund saw its net asset value moving down from $5.15 to $2.41 this year (the last time I called was a few minutes ago...is that more than 50% drop ?? I am not sure and will check the numbers).... what can I tell you if I am also down 25% on the year... Joe, keep in mind that this market sector is very volatile. You get up years when the average stock goes up a few hundreds percent and you get down years when everything takes a beating and drop 25-50%. I am at the low range, but still I am loosing money. Can't say I am happy. But there will be better days.

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