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

To: Abner Hosmer who wrote (681)	4/15/1998 5:16:00 PM
From: Ron Everest	Read Replies (1) \| Respond to of 835

Thomas, Agree with your comments that IPJ had gotten ahead of itself. I was also late off of the starting blocks and did not short term trade IPJ....O well, another day will come. My assumption was that the Hinoba-an deal with Minoro will complete. Your call to Sue Burton is appreciated, nothing has apparently changed regarding the vending of 60% of the CU property, good! CU is making an upwards run over the past couple of days up 3.1 cents today to 84.2 cents US. LME inventoy is now 315k tonnes, down 8,525 today. This follows yesterday's rise of over 2 cents and also inventory reduction. See: nickelalloy.com The CU thread seems to be saying that longer term CU production will exceed consumption. The short term numbers are telling a different story. exchange2000.com I have been without reliable web service in Calgary for the past couple of weeks and without email! Back for approx 1 week. I think that things remain very positive for IPJ. CU price is moving in the right direction. May 13th is the date to watch for the closing of the Minoro Hinoba-an deal. Could be interesting day or two to trade IPJ. Will the news release for the Mahakam's move the stock? The Maclean's article did come out on Indonesia and covered some general economics (3 weeks back) but did not mention IPJ's efforts there. Will be trying to catch up on the Indonesian politics tonight. Best regards Ron E