International Precious Metals (IPMCF) Message Board

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

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To: bradley g mooney who wrote (27254)	11/17/1997 9:01:00 PM
From: Claude Cormier	Read Replies (2) of 35569

<< What are your comments regarding the T. Hoare & Co. report on IPM's Web Page ? >> Well they don't say too much ..except what is beeing said here. Mostly a recap of the press release. The conclusion is that they stick to their recommendation in last summer report. On that, I think they based a lot of it on the .25 opt recoveries which are not yet confirmed. Their target value of $15/share based on possible 43M oz of gold and PGE is premature. I am not saying that what is stated will never come true..but that there are not enough facts now to support this optimistic view. Of course, if recoveries of .25 opt had been confirmed I would have a different opinion. CC

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