International Precious Metals (IPMCF) Message Board

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

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To: C L who wrote (998)	12/27/1996 12:54:00 AM
From: TrueScouse	of 35569

CL and CC: <<The next post will be # 1000 -- who's going to do the honors???>> Couldn't resist! Not sure I've got much to add to your excellent posts from earlier this evening. As Claude points out, this really is an intriguing situation! I have spent the best part of a year doing estimates of the possible share price of this thing, and they just keep going higher <vbg>. I suppose the key point for me is that the risk-reward situation on IPM is very much to my liking. I think that the downside is now less than the 100 percent that I was assuming initially. Unless some complete disaster occurs, I don't see the stock trading below $2 again. Meanwhile, the potential upside just keeps going up! Apart from the possible value of the gold, the implication of platinum assays of the same order as the gold assays is truly staggering. This would imply that the first sq.km. alone has far more platinum than the entire world platinum production for 5 years!!! It's hard not to seem to be indulging in "hype" with these kind of figures, but at the same time, this is what the figures would suggest. The strategic implications of this are probably much more important than the commercial value. So, for Post #1000, I couldn't resist repeating some of these things. IMO, the risks are still significant, but the potential reward of investing in IPM is enormous, and the key will be to develop a stategy (a la CC) to "take profits on the way up" without missing the opportunity of a lifetime. All the best to both of you in 1997, and thanks again for your generous advice in the last year. Howy

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