IBI CORP IBIC (CDN) Message Board

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Gold/Mining/Energy : IBI CORP IBIC (CDN)

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To: robert b who wrote (109)	5/31/1998 11:26:00 PM
From: flightlessbird	Read Replies (2) of 422

Robert b: According to my calculations, $1 billion would be a very conservative estimate of this FIRST deposit. If you want to play loosey-goosey like you do with FLECK's numbers, then lets take into account the full potential value of the property and give it a more proper $3-4 billion range. Then let's add that this is just a first property with many more to follow. Now according to those numbers, even if we stick to just this first property, IBIC's value on just this single property alone should be 1/5 to 1/6 of FLECK's $18 billion alleged reserves. Let's see IBIC is at .10 and FLECK at .80. Seems like your math is funny too dude. And what's all this talk of a reverse split on the FLECK thread . . . I'm not knocking FLECK. I'm just saying that your analysis is extraordinarily biased against IBIC. The real numbers by year-end for 1998 should prove quite enticing.

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