Int'l Pursuit (T.IPJ) Message Board

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

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To: G who wrote (734)	11/20/1998 12:37:00 PM
From: Ron Everest	Read Replies (1) of 835

It has been mothballed for now. I tried to get through to the president and also the chairman a couple of days back, everyone was busy or in meetings. I asked for Peter, a geologist and he is in Indonesia. My latest information would indicate that their cash is >$9 million Canadian and no debt. My read on why this stock is trading so low is that there is absolutely no interest in Indonesia and therefore the stock is trading for approx the cash value. The market is giving no value to Hinoba-an copper deposit due to copper markets being trashed and no value to their Mongolian properties which they are trying to jv out. The Indonesian politics are very tenuous right now. Appears to me that IPJ is a great buy right now, I have been considering averaging down, but, WDIK. Best regards, Ron E

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