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

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To: Furry Otter who wrote (28533)11/27/1997 1:58:00 PM
From: Bob Markley  Read Replies (1) of 35569
 
<< All intelligent responses are invited >>

Furry,

After the company (imo)lied to me, until proven otherwise it is a low grade, high tonnage deposit, that is most likely low cost as well (assumption). I'am 'flat' this stock right now(with losses), most out at 3.25, so hope that my opinion can be viewed as unbias. In the meantime I'am going to trade this stock.

We all know the AU & PT exist, the question is how much. In my mind it is a placer deposit of low grade mat'l w/ perhaps some higher grade dikes/etc., BUT in light of what the management has done, I MUST assume low grade.

Provided the company does not go broke, or taken over, this stock is one to be viewed as a trader only.

Best of luck & hope all works out for you.

Bob
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