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

To: Richard Mazzarella who wrote (26705)	11/16/1997 2:12:00 PM
From: Matt C. Austin	Respond to of 35569

Thanks Rich. Most folks probably don't realize that J Taylor worked for a large international bank as their loan analyst, for many years. His was the last word on the bank making HI $ loans for mining projects. His opinion carries a lot of weight with me. His remarks: ---------------------------------------------------------------- INTERNATIONAL PRECIOUS METALS NEWS ANNOUNCEMENT Many investors in IPM's shares will be frustrated and disappointed by the news announcement put out by IPM this past Friday. Your editor sees this as a great opportunity to acquire the shares of this well managed junior mining company and a good time to sell the overpriced shares of Naxos which in your editor's view is a poorly managed company. My view is that not withstanding the lower than expected grades reported by Bateman Engineering from the Black Rock property, IPM has a real shot at not only outlining an enormous gold/platinum group metal resource, but with the ongoing assistance of Bateman Engineering, may well outline an ore body of enormous size. We will explain in more detail our logic for selling Naxos and buying IPM in our December 1997 newsletter.