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

To: go4it who wrote (26544)	11/15/1997 8:33:00 PM
From: payman emamian	Read Replies (3) \| Respond to of 35569

Hi Chuck, I haven't chatted with you in while I've been watching all the commotion and I still don't understand. Since I am mathmatician I can only figure it in terms of numbers, so here it goes: The average of assay is .035 oz/t or 28.6 tons per ounce If the company can excavate 20000 tons per day or 7.2 million tons per year thats 700 ounces of gold per day. if their cost is at $150 per ounce thats a profit of $105,000. per day or 37.8 million per year at a 12X PE ratio thats a market cap of $453 million. If these numbers too aggressive let me know but if you cut these numbers by 2/3 that's a matket cap of $150 million and that's ok by me. I'll talk to you soon. Payman