International Precious Metals (IPMCF) Message Board

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

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To: Bruce McGaughey who wrote (3699)	3/8/1997 4:25:00 PM
From: Claude Cormier	of 35569

<< In that sense, using Claude's barometer of recovery as a gauge of a gold company's worth >> I am not sure what you are referring to... but in my book, value is based on proven minable reserves. Something that IPM doesn't have as of we speak, but may have in a not too distant future. Of course, everybody know that before proven minable reserves are known, all plays go through a speculation phase on what these reserves will eventually be..that is what is going on with IPM. That period is when the big $$ are made but it is also when the risks are higher...

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