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Gold/Mining/Energy : International Precious Metals (IPMCF)
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To: Larry Brubaker who wrote (3696)3/8/1997 3:53:00 PM
From: Bruce McGaughey   of 35569
 
Thanks, Larry. So, in your mind MXAM is still an exploration company,
primarily (although they do have an angle on recovery, as per
Richard's post). And, IPM was an exploration company until
Dec. 19th when it shifted more toward an exploration/recovery
company.
In that sense, using Claude's barometer of recovery as a
gauge of a gold company's worth, IPM is way ahead of MXAM.
But......now that MXAM has acquired some "sweet-spot" property
that IPM may covet in the future, MXAM may really be worth some
bucks in the future.
But then who knows ?? MXAM may choose to mine and recover on their
own. Or, MXAM may sell out to a major ??? They seem to be very
active in buying/selling real estate.
IPM seems to be active in science, on the other hand.
All speculation.
...and very fascinating !!!
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