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

To: O. H. Rundell who wrote (28054)11/22/1997 11:04:00 AM
From: ddl  Read Replies (1) | Respond to of 35569
 
Sure OH... considering their lifestyle and taste, I would expect a turnover of vehicles every 3 years. last deal cost $600,000.00 in loans, assuming 3 year contracts one gets total writedown after 3 years and cash down turns over every 3 years.
So $600,000.00 / 3 x 30 = is only $6,000,000.00. Nothin when you got 15MM oz per sq. click.



To: O. H. Rundell who wrote (28054)11/22/1997 11:53:00 AM
From: GlobalMarine  Respond to of 35569
 
O.H.:
<<Wonder what the contingency plan is for when the first 30 don't work....>>

Well, plan B could be to sell the property back to Phoenix Int'l Mining...Dick Hewlett would then reverse-circulation drill, fire assay, calcuate proven & probable reserves, design and build a mine!

Rand


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