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Gold/Mining/Energy : International Precious Metals (IPMCF)
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To: Lew Green who wrote (27230)11/17/1997 4:34:00 PM
From: Claude Cormier  Read Replies (2) of 35569
 
<< The potential is still huge. CC is right they do need economic extraction, but as far as waiting for it, no one gets in these stocks cheap once all these things are proven out, so pass the Pepto. >>

IPM will have to do 3 things in the next several months:

1) Get financing
2) prove up reserves with the new fire assay
3) develop an economic recoevry process.

These 3 events will not happen concurrently, but in sequence and progressively. There will be many buying opportunities if are successful with the above. The buy and hold strategy is always dangerous in bear markets. This is true not only for mining stocks.
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