IGCO - Intergold Corporation Message Board

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Gold/Mining/Energy : IGCO - Intergold Corporation

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To: Semyon Kuretsky who wrote (31)	5/3/1999 12:36:00 PM
From: jonathan romanowsky	Read Replies (1) of 69

IGCO followers, I've been following the thread for a few months. I am not an investor or an expert in gold exploration stocks. I am eyeing purchasing some to buffer my portfolio in case Y2K fears rise and dampen the rest of the stock market. I find IGCO interesting primarily because of the excellent, technically based analysis that the thread writers express. I do have a question though. Why is the stock at its low levels (1-2 range) given its high potential. If you assume that the expectations of their drilling area are huge and you multiply times the probability of capturing those large returns, then one should get at an approximate stock price. How can this logical scenario apply to IGCO when people are saying the stock could be worth 10x or more what it's worth now? Am I missing something? What exactly is keeping the price down at these levels? Uncertainty of value in area? Uncertainty in cost of extraction? Uncertainty in gold prices? Uninformed investor community? Also, what happened last week with the stock price (rose above 2 only to fall to 1.5 again)? I truly wish IGCO and its shareholders (which I may be one in the near future) great luck. Jonathan

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