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Gold/Mining/Energy : Int'l Pursuit (T.IPJ) -- Ignore unavailable to you. Want to Upgrade?

To: Ron Everest who wrote (490)	1/27/1998 12:44:00 AM
From: Mikey	Read Replies (5) \| Respond to of 835

OK, exceptionally bullish presentation by IPJ today. They are going to farm out the Mongolian claims. They want to keep about 15 mil in the treasury this year (approx .60 per share cash). Phillipines look good and are hoping to sell the entire project, get a total of 3.00-4.00 per share cash without borrowing or issuing more shares, and then focus on Indonesia without the help of partners or majors to develop what is potentially a multi-billion dollar project. Said COWS expected around April-ish. Have broken above downtrend AND 200-day MA. Have a lot of support from many promoters and brokers. With their current cash and the Phillipines project going as it is, it seems like they will get to at least 3.00-4.00 per share even WITHOUT the potential of Kalimantan. Which, by the way, could end up being over 100.00 per share easily if it really is a proven porphyry, but they may actually have three or more (porphyrys)! This is a big deal. I don't usually buy the promotional line of crap but I think this could be the real thing. If not there's at least a double! M.