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Gold/Mining/Energy : International Precious Metals (IPMCF)
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To: Bob Jagow who wrote (1660)1/24/1997 10:10:00 PM
From: Mark Bartlett   of 35569
 
Bob,

PMFJI,

<<A question for you re the warrants; why do we hope the price will be in this range or higher in order to assure their exercise? Seems to me $3+ would attract them all, and the co gets $2.83 or whatever in any case. >>

The warrants cost a buck .... to exercise ... 2.83 total = 3.83 .... now for a warrant holder to feel comfortable about laying down some more dough ..... they are going to have to be comfortably over 3.83 .... hope that helps.

Best of luck,

MB
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