Int'l Pursuit (T.IPJ) Message Board

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Gold/Mining/Energy : Int'l Pursuit (T.IPJ)

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To: Coonhound who wrote (458)	1/19/1998 12:39:00 PM
From: Traveling Man	of 835

Greg and all, My opinion is IPJ is rising based on the "Special Situation" tout sheet. And that unless POG continues to rise from here we will see a pullback. However, I disagree with earlier post stating this is an odd time for a major to attempt a takeover of a jr. This is THE VERY TIME SMART CASHRICH golds will take over promising jrs. They get assets for pennies on the dollar. I have read where with their cash and factoring their known copper assets at .02 per lb.,they have an intrinsic asset value around $2.50C. I have heard nothing concerning any drilling results lately form Indo or Mongolia. From what I have read though,Mongolia presents a much better country to do business in without third world graft than does INDO. Good luck to all,I originally bought in at $2.80C so I have a ways to go to get above water myself! TM

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