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

To: kimberley who wrote (28576)	11/27/1997 1:07:00 AM
From: Brander	Read Replies (2) \| Respond to of 35569

Happy Thanksgiving to all: shorters, longies, traders, lurkers, liars, truthies, warmongers, peacemakers!!! Truce for the Day of Thanks?? Brad

To: kimberley who wrote (28576)	11/27/1997 2:19:00 AM
From: Larry Brubaker	Read Replies (1) \| Respond to of 35569

<<If you want to believe the company is very close, then you buy on faith.>> I agree with that, Kimberley. Right now, buying IPM seems to be a similar gamble that buying Bre-X was after Freeport reported no gold and before the Strathcona audit results came out. To buy the stock now, you are gambling that a company that needs $17+ million to pay debts, and $? million to keep operating can raise the needed money after misleading the hell out of its investors. Maybe they can, but its not something I am going to bet on right now.

To: kimberley who wrote (28576)	11/27/1997 10:24:00 AM
From: ddl	Read Replies (1) \| Respond to of 35569

Happy Thanksgiving to all my southern neighbours.... Kim, IPM did allude to very low recovery numbers. The "Persistence of Vision" (which I might add is prety good reading, second time arround) states... "Prelimenary engineering reports indicate that Black Rock ore can be mined for less that $1.00 per ton. Processing costs are also expected to be low. This is critical, because in addition to having one of the largest potential reserves in North America, IPM will become one of the lowest cost mining companies in the world." Now how can they state this without at the very least and in their professional opinion know they have a recovery process that is most probably going to be verified. As professionals they have an obligation to state only what they know to be most probably correct. I'm sure at printing time they knew they had BD recovery problems.

To: kimberley who wrote (28576)	11/27/1997 11:58:00 PM
From: Furry Otter	Read Replies (1) \| Respond to of 35569

<<Is everything in between negated? Yes, for the time being>> I guess this is what it all boils down to..although I would feel better if I knew for sure the reason was not that the gold wasn't there, but that they could not (yet) get it out economically. Bob Aldridge and Aaron R. Cathcart posted their thoughts, which I believe give some plausible insights...thank you for providing yours. I ain't gonna leave, but I might just lurk for awhile... Hope you had a great Thanksgiving, I thought your post to GOLDIGER was right on, but he is a lunatic and does not understand why people find him so reprehensible. Regards, Otter