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Gold/Mining/Energy : Int'l Pursuit (T.IPJ)
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To: Bear who wrote (635)3/11/1998 11:51:00 PM
From: Ron Everest  Read Replies (1) of 835
 
Thanks Bear:

>>>She indicated that Pursuit is more favorably
inclined toward copper than gold, which I don't understand.<<<

We had a similar conversation. I believe that when one finds CU they can say they are CU inclined. If you find AG then ........ Pursuit has been finding CU, so, I am happy to go with the flow.

The Mahakam clusters are interesting. When they get the drill targets figured out, and drill, we may find that we have some AU-CU and some CU-AU. No problem, the CU will cost less to process or the converse........ If one has a product that costs less to process then the profits flow in regardless.

>>>Dattels likes to have at least two years of expense money on hand at all times.<<<

The conservative nature of IPJ is extraordinary in jr mining. Good for the shareholders in the long run IMO. I am looking at IPJ as a buy and hold rather than short term trade. Although, if an opportunity arises to short term trade I will, including IPJ. In the meantime, I am happy that the company has enough cash to go forward without becoming desperate. One further thought: JVAG doesn't appear to have a lot of exploration $.....they do have the placer works and last I heard they had <$500k of cash. It has occurred to me that IPJ could use some of the cash raised to take a better position in some of JVAG's properties? Just some meandering on my part.....

Best regards,
Ron E
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