International Precious Metals (IPMCF) Message Board

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

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To: Doug Shaw who wrote (995)	12/26/1996 10:28:00 PM
From: C L	of 35569

I am spending a lot of time thinking this whole thing out and I've come to the conclusion that the stock should double (approximately) when BD puts theit stamp on this puppy. I have no idea what the stock price will be when that happens. The vast majority of the public and probably most of the funds won't touch it as it is because of the uncertainty of the deposit. The light bulb will come on when BD says: "Yep, I seen it, they can do it and we're working on the plant design". Then the 15 Mil. O/Au. are in the bank, so to speak, and people can start thinking about the drill program and what's next. That's when we should get the violent move. We may be at $6 when that happens or we might be considerably higher. That will depend on what the extraction numbers look like as the testing moves into larger and larger sizes. I don't know what the Pt. release will look like, but doubt it will have a big impact one way or the other. If they are worrying about the gold numbers, it might be just some more worrying. However, the scaled up performance is really important because you can't process big $ from little batchs. Just my thoughts and an educated guess. C L

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