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

To: Bob Jagow who wrote (31174)	3/24/1998 10:59:00 AM
From: mark silvers	Read Replies (1) \| Respond to of 35569

Bob, <<[Perhaps they unsucessfully shopped it.]>> Maybe. Maybe not. there is no way to know the answer to that so guessing is fruitless. Maybe they were attracted to the potential net smelter royalties? The biggest question in my mind is, do they have enough capital to continue to try and prove up the property? Or to look for a recovery process? The assumption that Doyle will just get it done is a large assumption. It is a very tough environment ot raise money, and IPM doesnt have a lot of information (at least not publically released info) with which to entice capital. If they can secure the capital, then it would appear that one could make a bet with any high risk capital they have and at under 50 cents, have a decent shot at making some money.

To: Bob Jagow who wrote (31174)	3/24/1998 11:48:00 AM
From: Tim Hall	Read Replies (1) \| Respond to of 35569

Maybe Omega sold those shares short back when the stock was in the 4 to 6 dollar range. That was before that Friday, in Novemeber. Look back at the stock action for about six weeks before that Friday. I wonder if Le is headed for the Cayman Islands? Tim Hall

To: Bob Jagow who wrote (31174)	3/24/1998 12:14:00 PM
From: BillyZoom	Read Replies (2) \| Respond to of 35569

"Why not take the property back?". Runyan needs IPM to succeed to bring legitimacy and a larger audience to the Phoenix/Omega/Maxam area of the Desert Dirts. Don't forget that for these companies to raise capital efficiently in this market they need to draw excitement to the prospect of a potential area play, not necessarily a single company play. Two good examples of current successful area plays despite the current resource equity markets are the Diamond Hills area in Northern Alberta and South Voiseys Bay in Labrador. In these areas there is serious interest from the market based on the excitement and potential of so many companies in a given area with the ability to prove up a major discovery. With such a large audience due to the promotion and continuous results from so many companies, there is no problem at all raising financing to keep the drills going for the companies and keep the play alive for the investors. Rob

To: Bob Jagow who wrote (31174)	3/24/1998 1:39:00 PM
From: Raye Derickson	Read Replies (2) \| Respond to of 35569

Bob.....this is the press release from last year: Toronto, March 6, 1997 - International Precious Metals Corporation announced today that it had signed a letter of intent to acquire the balance of ownership of its Arizona BRX (Rock Extended)property from Phoenix International Mining Inc. The letter of intent provides that IPM will pay an aggregate of US $27,000,000 to Phoenix on or before July 15, 1997, consisting of 1 million common shares and $17,000,000 in cash. The 1 million common shares will be subject to an escrow agreement to be executed by IPM and Phoenix. The completion of the transaction is conditional upon approval of same by the boards of directors of both companies as well as the execution of a more formal acquisition agreement. Omega's betting on the future just like we are. Not quite the "comedown" you speculate...they own a sizeable piece of the company plus the smelter %age as a dividend. Interesting, Raye