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Gold/Mining/Energy : International Gold Corp (IGCO) -- Ignore unavailable to you. Want to Upgrade?

To: Tim Hall who wrote (242)	11/4/1998 10:39:00 PM
From: patchman	Respond to of 405

Please help me to understand something. 3 months ago, everybody said .14 ounces per ton was a done deal. Today, after adding up the numbers it looks like .093 is the average. I've done the basic math and can see that with 150mm tons, even at .093 its a lot of mullah. The big question is, if I'm going to spend $150 per ton to get it, is it worth it. There's a lot better places to make $30 for every $150 invested. Assuming $180 an ounce after the Russians feed themselves by dumping Gold for the next few years. I've been following this stock for awhile, trying to figure out what is real and what is not. After today, it should be a simple matter of mathematics. Alertline stated in a previous post, they would be surprised if the price of the stock was not 2.5 to 3 before the Vegas conference which took place on 12 Sept, they used to give some pretty good sounding explanations but I think their credibility has suffered. I've got 50K of stock accumulated at an average of 1 3/8th and if somebody can't explain why this report is great news, in concrete factually based terms, your going to see this puppy stall at 1.38 for the next few days, assuming the volume returns to normal levels. I hung at 1/2 and even 3/8th because this is speculation money and I like the idea of finding gold. What do you know about Auric and dessert dirt?