International Precious Metals (IPMCF) Message Board

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

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To: Bill Jackson who wrote (2509)	2/17/1997 11:27:00 PM
From: Ron Struthers	of 35569

Bill I don't think IPM will be producing 10M ozs/yr. One million/year of each would be a hell of a mine. Also you must figure in that supply of PGEs is falling off dramically from SA and Russia Russia has been selling out their stock piles as the country is on the brink of extinction. The world is going to need a lot more platinum and when the Russia stock pile is gone and I believe that day is very close, prices are going to rise. Also remember that IPM like any mining company can using hedging techniques in the future markets. I think we are way ahead of ourselves to look at the supply problems. I agree that the desert miners could eventually have an effect here but who knows what the market conditions will be at that time. We could easily see gold and platinum at $1000 or $100. Ron

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