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

To: Claude Cormier who wrote (27282)	11/17/1997 9:08:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 35569

Claude, actually, we can take Hoare figures and plug back in the .03 to .04 oz/ton and come up with a max fair value. If the assumtpiton of >25 plus Pt justified a price of $15, what would let say 1/5 of that be worth? Furthermore, the expected profit margins on extracting .o4 oz/ton must be much lower than for .25, thus another factor of conservatism should come into the equation. ASccordingly, it seems right now that even the current price is somewhat fair to rich value according to Hoare, if they indeed where serious. WEith T.Hoare I am particularly worried, they come under the category "you fool me once ....". They were the one to judiciously use the rally in the stock last year (in anicipation of the 450 ton bulk smaple) to unload a lot of shares, I would not be surprised if they were trying to pull a Vinik here. Zeev

To: Claude Cormier who wrote (27282)	11/18/1997 12:09:00 AM
From: Graystone	Read Replies (1) \| Respond to of 35569

The Painted Lady Why would they not just lie directly to your face. It is a lot easier than trying to string you along. I will put out a strong THINK recommendation. Bateman was hired to take the samples, split the samples, sign a COC on the collecting and splitting of samples. One split COC sample was tested by Behre Dolbear who repeated their earlier results using a "modified fire assay", a copy of the results were received by Bateman. The other sample was taken by Bateman and subjected to a "recovery" process. Bateman reported thier results as follows. Bateman said, I guess they wanted it to be really clear. "But since the recovery method is considered by Bateman to be non-commercial, they believed the amounts were not relevant. " "SPECULATIVE BUY International Precious Metals -....Batemans Engineering Ltd has confirmed that gold silver and platinum are recoverable." Who are you going to believe ?