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

To: knight who wrote (31235)	3/26/1998 3:10:00 PM
From: Ron Struthers	Respond to of 35569

<<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>> The reality of the general market cannot be ignored. When you have gold drop over $100, anyone that owns it or explores for it can expect a devaluation. The desert stocks held up a while longer then the conventional miners, bit investors had/have a very negative view of this sector and any bad news results in a sell off Currently most good news is ignored, in general has to be of the exceptional nature. Most bad news is priced into the market on all mining stocks as most explorers are down 75% to 90%. I have to agree that IPM was over priced, but so were most at this time. Picking tops and bottoms is always easy in hindsight << I don't see how the proving of a low grade deposit with no extraction method will turn heads.>> What is your definition of low grade? I think we are talking, probably a mid grade. The extraction method will come along. I doubt that you will get the whole thing handed to you in a nice package. Each step will come in due course and this is not a simple process The mining community still does not believe there are precious metal deposits in the desert but are beginning to look. A resource statement by 3rd party would be a first in the desert Ron