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Gold/Mining/Energy : Int'l Pursuit (T.IPJ)
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To: Abner Hosmer who wrote (649)3/18/1998 2:08:00 AM
From: Ron Everest  Read Replies (1) of 835
 
Thomas: Agree with your comments.

I don't think anything will be coming out of the Nevada property right now as there are complications with title per IR.

There is also the Sebuluh Fault. They are calling it bulk tonnage potential, there was gold showing in core #2 and they were VERY excited about that to the point where they couldn't contain themselves both to me and to past poster Michael Brody. So......

The shareholder's rights plan is very positive IMO

I have been mulling over the $7million Canadian that they most likely have raised by now and believe that they are very wise in this move. If you were Minoro and saw that IPJ had enough cash for over two years, you might just see the Hinoba-an slip away over time to a competitor if you didn't become pro-active.

The 7million is also excellent to supply exploration cash for the ongoing Mahakam play - 6 multiple clusters........any one or even part of a cluster can be a company maker whether it be CU-AU or AU-CU. To be facetious, who cares if it is CU first if the cost is low enough as this simply displaces existing higher cost operations.

Thanks for your post,
Ron E

p.s. My foldup Klepper kayak bid was accepted tonight, Looks like we have another series of adventures in store.
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