International Precious Metals (IPMCF) Message Board

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

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To: Gerald Walls who wrote (27391)	11/18/1997 1:33:00 PM
From: Lee Bush	Read Replies (1) of 35569

Gerald: Thank you for stepping in with the specifics. I don't see the incentive for the bondholders to take over a company that has a very uncertain future, no assets of any value other than the land claims. Perhaps I am missing something here. Is there some deep dark secret that management is holding back? Is there a production system in the wings that can product economically? A lower gold price certainly doesn't help, unless the process is extremely efficient to enable them to be a low-cost producer. I'm not ruling that out, just looking for answers to the valuation that was placed upon this company by supposedly savy institutional investors and bankers. Lee

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