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 (999)	12/27/1996 8:56:00 AM
From: Claude Cormier	of 35569

Howy, As for your price targets, keep a close watch on the reserves, they are the key. We know that our first target is 50M tons based on the drilling so far. So if everything goes as we expect, and this is far from garanteed, we could end up with 12M ounces of gold. That is good for $30-$40. I doubt really much that we will have .6 opt per ounces of pgms all over this 50M tons. That would go against mother nature. But who knows. If such a platinum resource really exist, bet on much lower prices for the white metal as here, the demand will never be able to match up with the new supply. Good Luck and enjoy the excitement.

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