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Gold/Mining/Energy : International Precious Metals (IPMCF)
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To: O. H. Rundell who wrote (893)12/21/1996 3:01:00 PM
From: C L   of 35569
 
>>>anyone has any notion of the difficulty or ease of refining the metals from the matrix. C L, any thoughts on refining, or is it too early to tell. O. H.>>>

Process is simple and cheap. No one is taking into account the bottom line so far -- everybody is talking ounces. What if the company was able to produce for say $50 an ounce or less? In the end result, a stock's appreciation is governed by earnings or earnings potential. The total contained metals are important to show the potential, but the bottom line will eventually be the most important thing.

For 2 years now, I've been preaching about the long view with this stock. Get some distance vision -- look out into the future and see where we are going 6 months from now and 3 years from now. Bruce and others trading in and out, crazy. This is a once in a lifetime opportunity to be in at the absolute ground floor and ride a stock that is going to change the mining industey in a profound way. We have the leadership, the money, and the property. These news announcements should start coming in a regular fashion from here on out.

Most people will preach at you to start selling chunks of the stock as it heads North. With most mining stocks, that's excellent counsel. This is not most mining stocks, this one is the king maker. This one will change your life if you have the foresight to hang in there.

C L
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