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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: Michael Bidder who wrote (14248)	7/17/2003 10:31:11 PM
From: Silver Super Bull	Respond to of 39344

Michael, I feel compelled to throw in my two cents about IMR since you seem to mention it frequently. I think it has potentially excellent potential, especially if they can prove up what people are envisioning. And if silver prices pick up while they are meeting or exceeding what people are envisioning, this could be an epic winner. On the other side of the coin, valuation and expectations on IMR are both very high, with little to fall back on. Sure, the other projects they have seem to have merit, but before Navidad they had the same projects and the stock could hardly sustain itself above $.50. So if Navidad drilling is disappointing the stock price readjustment could be fairly brutal. As for me I have a decent position at low prices so I am long, holding and optimistic. But I view this as an attractive high risk/high reward situation. DB