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Gold/Mining/Energy : Imperial Metals (IPM.T)
IPM 1.860-1.1%Nov 19 3:04 PM EST
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To: Mike M who wrote (84)1/17/1997 7:23:00 PM
From: Roman de Guzman   of 1366
 
Thanks for your interest Mike. To access my essay about IPM, click on my name and look for post #60 for December 30 that says Facts about Imperial Metals
My forecast was not far off. I forecast earlier that IPM would go up to $2.50 before the end of the year. It closed at $2.60 today and I was 17 days off the target. Not bad prediction.
However, I think I changed my forecast to $3.00 and then $11.00 before July from $5.50.

IPM has already a controlling hold of Cathedral Gold. I spoke with one of the people at IPM and Iwas told that there was no news.
Well Mike, the news is that it will start producing gold and copper in the fall. I was told by Charlene Parisotto, their IR, that production starts in the late summer.

IPM is still very much undervalued at $2.60. My estimate for their copper production was short by 20 million pounds which Mr. Lebel told me and that would add another $.16 to its previous estimated earnings.

I intend to accumulate more shares of IPM. Good luck.
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