Int'l Pursuit (T.IPJ) Message Board

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Gold/Mining/Energy : Int'l Pursuit (T.IPJ)

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To: Ronald W.Millar who wrote (729)	11/15/1998 1:48:00 AM
From: Ron Everest	Read Replies (1) of 835

I still believe in this company. The problem is with the "new IR" person who doesn't return calls and they have cancelled their 800 number. Sally Burton was great but moved to MGAC.U IR job with Bill Burton, her husband. Then, Dattels appointed his private secretary to do the IR work and she knows squat about IPJ operations. IPJ has basically mothballed their operations IMO until the price of Au improves and the Indo situation stabilizes. They do have a good resource in Hinoba-an and I believe a better resource in the Mahakams. They are trying to JV out the Mahakams but that is probably futile for now in light of the political and economic instability in Indonesia. Right now it appears that the market is assigning value to the cash only. Best regards, Ron E

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