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

To: Zeev Hed who wrote (26748)	11/16/1997 5:50:00 PM
From: Claude Cormier	Respond to of 35569

<< but let me remind you at 21 MM shares and more than $5/shares you alreadyy have a cap of more than 100 MM shares. >> If we compare this market cap to the rest of the market, IPM is clearly overvalued. It should go down and have a more reasonable market cap od US$10-$20M. However, I have noticed in the last year that the shares always have found strong supports in rough times. The question is will there be support in the days ahead. If so, $5 may hold, if not the stock could reach fall 1996 prices. What makes a market cap over the long term is real value and tangible assets. What makes a market cap on the short term is perceptions, expectations and hopes. The current market is pricing very cheaply tangible assets. Hopes and expectations have no value now. I don't know if this will apply also to IPM. The market will tell us. CC