Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Raye Derickson who wrote (26815)	11/16/1997 6:38:00 PM
From: J.L.	Read Replies (2) \| Respond to of 35569

Man, I finally got through the backlog of reading since Friday...go to the grocery store, log on and there are 20 more messages to read. A few humble observations / opinions; Everyone talks about how it is up to the institutions to move this stock now. I disagree and I think our pals the shorts do as well. I recall that there was an informal survey done a few months back to see how many shares were represented on the SI thread. I was not surprised when the number was quite large. I chose not to take part in the revelation of numbers for a variety of reasons. Suffice it to say that if we all decided to sell on Monday morning that it would be quite ugly. The shorts who are posting here on a regular basis know how many shares we represent and would like nothing more than to scare us out of our shares so they can comfortably cover. I am of the belief that we can now expect more news to come on a regular basis. Beginning with an in-depth outline of the institutional support and the financing. Continuing with regular updated on drilling, technical developments and corporate developments. One thing that has been a great aid to the shorts is the silence of the company. As a result of all of the "skam" accusations, the company has remained silent in an effort NOT to appear as if they are promoting the company to move the stock. It is now time for them to provide the market as well as us patient and dedicated shareholders with regular updates on all activities. Once the shorts realize that they have NOT scared a large number of shares onto the market they will have to cover big time. They know that there will be more news and information coming from the company now that the monkey is off their corporate back. The last thing they want is to be left short while institutions (and more public) learn of this company and their prospect in it's infancy. All for now, Jeff Lund

To: Raye Derickson who wrote (26815)	11/16/1997 6:40:00 PM
From: Matt C. Austin	Respond to of 35569

Bernie just confirmed that they were using inside info and gave the informants name. I have a copy of the e mail and took the addressees off: ------------------------------------------- You were asking about the richness of the gold report. There is only parts er billion in section 35 of T3N, R13W, the 'sweet spot' of the anomaly, but .035 Oz / ton is quite good. One PPM per Metric Ton is obviously one gram, worth about $10.75 today. The comparable 1 PPM in US ton is about .032 OZ per ton, worth about $9.75. note that if purity is 90 % and recovery is 90 % you need about .043 Oz per ton to get 1 PPM, metric. With expenses at $2.00 per ton for press releases, $1 for mine, $1.0 for mill, $1 for site recovery and $1 for Capex, you get $6. per ton. With 35 tons needed per ounce, a small mine (1,000 TPH) at Black Rock could yield around $32 million per year -- at a cost of around $45 million. Don't worry about EBITDI, the crooks would only steal it anyway. But you know that. The figgers were just what Derek Rance of B-d said. pretty low. 1. .