International Precious Metals (IPMCF) Message Board

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

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To: Alan Vennix who wrote (835)	12/19/1996 3:07:00 PM
From: TrueScouse	of 35569

Al: <<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.>> There's nothing much wrong with your figures -- if anything I think they are on the low side. For myself, for some time I have had a one year target price in mind of $44, based on $70 per oz of Au in the ground (instead of $50 -- this stuff costs virtually nothing to mine), 90 percent eventual ownership (which I think is correct), and 20 million shares FD. As per your calcs, this assumes only the value of the gold on the first sq.km. to 100 feet depth. Wouldn't that be nice? <g>. However, we have to keep our feet on the ground here. There is a long way to go before such a share value could be reached, and a huge amount still hangs on the "believability" question. As CC and others have pointed out, we still do not have the official sign off from BD on these figures, and it may be months before the bulk sampling process is completed successfully. Meanwhile, anything could happen. It's fun to play with the "blue sky projections", but.... Having said that.....WE'RE GOING TO BE R....!!!! Howy

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