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

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To: Ron Everest who wrote (537)2/10/1998 9:45:00 AM
From: Mikey   of 835
 
Hullo,

a) Phillipines Project.

Those are numbers that Dattels threw out at the shareholder presentation. He didn't go through the math in any detailed way. So I don't know how he arrived at them. He did say 61 cents per share cost and not 45. He also at least twice gave the figure $75 million. He also said specifically that he hoped the sale would put $2.00-4.00 US cash in the kitty. If anyone got something different from the meeting then please post it, because I may have made a mistake in my notes.

b) Mahakam Project.

"Special Situations in Mining" alluded that IPJ may actually have MULTIPLE CLUSTERS of porphyries. The impression I get from reading that is that there is a cluster of 4-6, with the potential for a couple of other clusters! I can't wait to hear if that's the truth.

M.

PS - No, I don't know what a batholith is.
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