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Gold/Mining/Energy : International Precious Metals (IPMCF)
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To: J.E.Currie who wrote (1019)12/28/1996 12:06:00 PM
From: David Regep   of 35569
 
you write:
<<By the way, I do think serious discussion should be undertaken
to consider the "Possibilities" of considerable more reserves of pt.
having an effect on the market, and what those implications could be.>>

I agree with the discussion and I will make a quick stab at it. If IPMCF, CHIP, et al. do finally start producing Pt with the numbers we are talking about say by sometime in 1998-99, there would be a tremendous amount of Pt on the market. As someone said a few posts ago, I think the market would find usage quickly. If they didn't, I would not be surprised to see Pt trading about $200/oz. But technology would grab the opportunity to use Pt in many more ways in chips, semiconducters, etc.. I am sure jewelers throughout the world would also attempt to capitalize on the lower prices. So, to make Pt a feasible and economic resource it would have to be lower than today's prices and I see $300/oz as a strong possibility.

With the lower prices it would come down to who recovers it the cheapest.

BTW, in respect to Howy, I have somewhere a calculation of IPMCF future share price I did up in the summer that included .3oz/ton of au and .6oz/ton of Pt. I remember coming up with $12,500/share (split adjusted of course). :)

DavidR
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