International Precious Metals (IPMCF) Message Board

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

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To: Bob Jagow who wrote (31174)	3/24/1998 10:59:00 AM
From: mark silvers	Read Replies (1) of 35569

Bob, <<[Perhaps they unsucessfully shopped it.]>> Maybe. Maybe not. there is no way to know the answer to that so guessing is fruitless. Maybe they were attracted to the potential net smelter royalties? The biggest question in my mind is, do they have enough capital to continue to try and prove up the property? Or to look for a recovery process? The assumption that Doyle will just get it done is a large assumption. It is a very tough environment ot raise money, and IPM doesnt have a lot of information (at least not publically released info) with which to entice capital. If they can secure the capital, then it would appear that one could make a bet with any high risk capital they have and at under 50 cents, have a decent shot at making some money.

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