International Precious Metals (IPMCF) Message Board

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

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To: TrueScouse who wrote (830)	12/19/1996 12:20:00 PM
From: Alan Vennix	of 35569

Howey, carrying your calculations a little further: Using the numbers in the Dec 19 release, along with other info from before: Assay results 0.277 oz/ton (Avg of 12 results) times 50 MM Tons (1st sq km to 100 ft) times $50/ton (Approx in-ground value; range $30-$70) times 0.8 (IPM's ultimate ownership fraction) divided by 18 MM shrs (Fully diluted, with options and warrants) ------------------- equals $30+/share (1st sq km to 100 ft) Although the share price may not reflect this until more info is available, this is not an unreasonable expectation, which can then be multiplied by depth and additional acreage as these numbers are proved up (discounted some for the time it takes to develop this fantastic resource) Any feedback on the above is welcome. Current pullback in price, IMHO, is short term traders taking profits and MM's restocking inventory. Al

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