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

To: go4it who wrote (24292)	11/4/1997 12:12:00 PM
From: Claude Cormier	Read Replies (1) \| 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....>> I am not sure if I understand your question well, but here is how I see it: a market cap of some $20M-$30M per 3 millions ounces would make sense for geological reserves that are not yet proven to be economic. And it could be generous. I would also think that you cannot say that if they have a grade of .6, the valuation will automatically be 4 times higher than id the grade is .15... The market is not in a normal state right now. Again this could change rapidly....

To: go4it who wrote (24292)	11/4/1997 2:11:00 PM
From: J.L. Turner	Read Replies (2) \| Respond to of 35569

Charles I won't comment on IPM price projection at this time.I would however like to comment on your concern over the lack of new blood ie. new investors. I became aware of the desert dirt companies about a month ago while doing research on some tech stocks.I didn't own any gold stocks. And I certainly wasn't looking to buy any penny gold stocks.I did ,however find interesting the manner in which the longs and shorts attacked one another.I quickly came to the same conclusion that Barb Loucks championed in her reply #24249 : Don't trust anyone posting on any thread. It appears to me that some of the longs have indeed mortgaged their houses and used credit cards to purchase desert dirts.In general a very stupid way to invest,but one in which on the rare occasion where everything works can be lucrative. The shorts,however are what really caught my attention.I didn't see"White Knights" protecting the weak.I didn't see much in the way of due diligence.I did see a lot of inuendo and obfuscation.When the worm is wiggling in an open forem they are usually really squirming in their holes.So it was time for a little additional research. There is no question that gold and other precious metals are on the properties of the desert dirt companies.Can they be extracted at a profit is the only question. I didn't mortage my house. I didn't use credit cards. I didn't use trading capital. I did however establish an initial position in IPM. I will hold this position regardless of information in the upcoming report.Regardless of what is in the report because-The land holds the goods.Eventually a method to extract precious metals from the desert dirt will be found,most likely already has been found.It is simply a matter of is it,next week next year or next decade.When it does happen I and many others will be buying to add to our core positions and to establish trading positions.I would not want to be short IPM at this time.