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

To: Bob Jagow who wrote (26899)	11/16/1997 11:06:00 PM
From: GlobalMarine	Respond to of 35569

Bob: I agree with your post. For Maxam's press release announcing a breakthrough in continuous processing that reduces the cost to $55 an ounce, I took out a sheet of paper and calculated how that figure was derived. They simply apportioned the processing costs between the gold and non-precious metals.But even if you apply all the processing costs to the gold and assume that just a portion of the non-precious metals can be sold, the numbers still come out very positive in the end. Let's hope everything works in April,98. Rand