International Precious Metals (IPMCF) Message Board

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

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To: Joe Hartenbower who wrote (580)	11/25/1996 10:50:00 AM
From: Zeev Hed	of 35569

Joe: I think all this controversy iis a storm in a cup of tea. I did not see Richard attack CL personally in any of the posts, only some of the unsibstantiiated "facts" presented by CL. I have been "visciously attacked" by a Rothschild, no less, ans I am not planning to put my tail between my legs and withdraw. By the way, I believe I responded to Rothschild quite civily, but he had not found it necessary to respond back. The fact of the matter are that the evaluation of IPMCF at this point is almost impossible. As pointed by many of the "bulls" on this thread, as long as we do not know what percentage of the PM and PGM is recoverable, and at what margins, it does not matter how many tons of ores are there. The oceans contain untold treasures in gold, but the concentration is so low that no current technology exists to recover it. Should we be bullish on a company declaring it will extract gold from the oceans and to get funding they take the volume of the oceans' and mu;tiply it by the concentration? Zeev

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