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Gold/Mining/Energy : International Precious Metals (IPMCF) -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (24291)	11/4/1997 11:23:00 AM
From: go4it	Read Replies (2) \| Respond to of 35569

What would you give an IPM price projection based on X # of $ per million oz of gold and gold equivalents prior to the economics being released ? 0.5 ? 1 ? 2 etc etc etc....

To: Claude Cormier who wrote (24291)	11/4/1997 11:32:00 AM
From: Anne Lamb	Read Replies (1) \| Respond to of 35569

you think that COC proof that gold and pt are in the dessert will just justify the price of 4.47 per share..and that current price now doesn't reflect skepticism and high speculation..??

To: Claude Cormier who wrote (24291)	11/4/1997 11:33:00 AM
From: Bob Aldridge	Read Replies (1) \| Respond to of 35569

Claude, ...and if we get 10 grids the same ??

To: Claude Cormier who wrote (24291)	11/4/1997 12:16:00 PM
From: Bob Markley	Read Replies (1) \| Respond to of 35569

Claude, Just can't agree the the current price reflects the significance of an estimated consistency at .15 on the first grid to a depth of 100 feet. With 50 million tons of mat'l to a depth of of 100 feet were talking a PROVEN 7.5 million oz on the first grid only. Remember were still open at depth to approx 250' & the deeper holes struck water before bedrock. With the 1 km step-out drilling combined with the drilling on the upper basin alluvial one can extrapolate inferred reserves of say 3-5 Billion tons of mat'l. That's huge. This stock has about 22 Million shares outstanding and a tight float that is perhaps 7 million shares. Given the above logic that's incredible asset leverage per share. With a 'cutoff' grade of .15 signoff by BD/Bateman the actual mineable reserve could be much, much higher when actually mined because it's alluvial mat'l. The lower cutoff could also mean less drilling to prove out the other blocks. With a proven reserve of 7.5 Million oz in the ground at $50 per oz we can calculate an estimated share value of $17. Assuming the same consistancy to bedrock on the first grid were now talking a $42 share value calculation, ... and that's just the first grid!!! Bob