Imperial Metals (IPM.T) Message Board

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Gold/Mining/Energy : Imperial Metals (IPM.T)

IPM 1.860

-1.1%

Nov 19 3:04 PM EST

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To: Bobby Yellin who wrote (16)	12/1/1996 10:45:00 PM
From: Roman de Guzman	of 1366

Bobby, although they called it a merge with RGL, it was actually an acquisition because RGL share holders got IPM shares, not on a 1:1 ratio. If you read my previous post, I estimated a $2.50 before the year end and $5.50 6 months from now. I think $2.50 is now conservative, and that $3.00 is not far fetched. You may have missed Fairmile when it was under a dollar, but then there was nothing proven up. Now, they have 560,000 ounces proven and started their drilling campaign last Monday. It is resuming its program again tomorrow. The member of the Board told me the samples were looking good. It is very much undervalued and so is Imperial Metals. Thanks for your correspondence.

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