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

To: mark silvers who wrote (31764)	4/24/1998 2:23:00 PM
From: BillyZoom	Read Replies (1) \| Respond to of 35569

Thanks Mark I'm not trying to prove anything, really. I think we have a misunderstanding as to paid in cash expenditures and moneys raised to finance the project. Either way it will show as an asset on the books whether its cash or deferred mineral exploration expenditures. The point that pertains to IPM is that be it cash or exploration expenditures it is a tangible asset used in valuing any exploration company. IPM's asset in exploration expenditures at the end of their last fiscal was $37,891,000 or roughly $1.72 a share. Its currently trading at $0.25. Rob Rob