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

To: Char who wrote (26326)	11/14/1997 10:55:00 PM
From: Claude Cormier	Read Replies (2) \| Respond to of 35569

<< So what is a possible deposit of 50M tons of .03 recoverable gold worth. >> Well that would be some 1.5 millions ounces. Right! David, all depends at what costs they can recover it. US$100 per ounces or US$275 per ounce and at what percentage is the recovery level (60% or 95%). As an example, you can find on the market now, several companies that have twice that gold, are producing 150,000 ounces per year, have infrastructure and other exploration properties and are currently trading at market caps of US$100. Several non producers have also twice as much with the gold proven and in some case with feasibility studies in hand and these are trading now at market caps as low as US$15M to US$35M. I have named these companies in my newsletter. You know them. In other words, given what was announced today by IPM, I can't see how IPM stock price will hold. The PR was below the expectations, it is only logical that the stock price go the same path. David, I have not commented too much on what I think of this PR... I will first do so in a news alert to my subscribers that will go out this week-end. I'll comment here afterwards, probably sunday. I am heading back to the woods tomorrow. I have some deers to feed. CC