International Precious Metals (IPMCF) Message Board

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

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To: Ron Struthers who wrote (31227)	3/26/1998 12:31:00 AM
From: knight	Read Replies (1) of 35569

Ron: >>>The property deal is a good one. It removes one issue with the company. It is far cheaper for IPM than before and this reflects the reality of the mining market, which is basically a graveyard with a long waiting list and a few stirring bodies inside.<<< The devaluation of Black Rock has nothing to do with the reality of the mining market. BRX was vastly overvalued based on the poor assay results and lack of an economic extraction method. These problems still face IPM. Comparing this play to conventional miners is not a fair comparison. I don't see how the proving of a low grade deposit with no extraction method will turn heads. Just MHO.

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