International Precious Metals (IPMCF) Message Board

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Gold/Mining/Energy : International Precious Metals (IPMCF)

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To: CynicalTruth who wrote (2294)	2/13/1997 12:06:00 PM
From: Terry Christopher	of 35569

I at one time wrote a weekly newletter for the Labrador exploration play. At that time i followed more than 150 companies, a lot of which were just 'stock exploration plays'. There were 15 to 20 real ones that did carry out exploration programs in Labrador. I learnt several valuable lessons from this experience. First, and most importantly, 99.9% of all companies experience delays. If you buy a junior exploration and expect the results to come ontime then you have bought the wrong stock. Secondly, statistically, exploration companies are not likely find an ore deposit. I figure that; you buy the stock months before the exploration starts, wait for a run up, sell your position and then short the stock. Though i never did this, it would have worked ever single time for the Labrador companies. I'M NOT RECOMMENDING THIS. When i discovered IPM, i was astonished. Here they are sitting on a very large orebody that has potential to make Busang look small. Like someone posted earlier - its a technology play. The risk associated with finding an orebody is not here. The only risk here is time - that's no risk! TC

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