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

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To: Bill Jackson who wrote (2397)2/15/1997 3:35:00 PM
From: Mark Bartlett   of 35569
 
Bill,

<< I anticipate a cost of production under $200 per ounce with a net profit of $150. This cuts the 30,000,000 to 6,000,000 ounces a year to make it worth the $500. >>

The bottom line is ... _if the figure you quotes turns out to be in the ball park ..... as verified by the engineering report, then the only thing we will really need to get to 500.00/share is a lot more drilling ..... just like Bre-X. I think that you will agree ... that's not so hard to live with <g>

Mb
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