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

To: Ron Struthers who wrote (31227)	3/25/1998 6:41:00 PM
From: Zeev Hed	Read Replies (3) \| Respond to of 35569

Ron, how are you? Since you are already visiting here, maybe you could clarify some simple questions? What is the burn rate now at IPM (it used to to run in the $4 MM/year and higher). How many months do they have at this burn rate? What kind of funding can they expect? What kind of dilution will that cause? Then it would be nice to find out where are they in cost effective extraction. Hope you have some answers. Zeev

To: Ron Struthers who wrote (31227)	3/25/1998 10:19:00 PM
From: Steve Huskey	Read Replies (2) \| Respond to of 35569

<<I believe this negative outcome is already in the market price and is expected.>> I disagree with this. Almost every stock that I held that became delisted ( ie moved down to the bulletin board) lost about 50% of it's value in 2weeks - 2 months. The market makers really seem to take it to the cleaners when this happens. Hope not... but that has been my experience. Steve

To: Ron Struthers who wrote (31227)	3/26/1998 12:31:00 AM
From: knight	Read Replies (1) \| Respond to of 35569

Ron: >>>The property deal is a good one. It removes one issue with the company. It is far cheaper for IPM than before and this reflects the reality of the mining market, which is basically a graveyard with a long waiting list and a few stirring bodies inside.<<< The devaluation of Black Rock has nothing to do with the reality of the mining market. BRX was vastly overvalued based on the poor assay results and lack of an economic extraction method. These problems still face IPM. Comparing this play to conventional miners is not a fair comparison. I don't see how the proving of a low grade deposit with no extraction method will turn heads. Just MHO.