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

To: Mr Metals who wrote (251)	11/5/1998 7:00:00 PM
From: Robert	Read Replies (1) \| Respond to of 405

Profit taking I assume, some people find it hard to resist a 125% gain. As for me I'll just keep buying on the dips and hold. I would really love to see IGCO hit .50 again, just so I can sell it back to em at $15. My guess is we'll see teens within 9 - 12 months. Intergold obviously has a huge deposit here. Those that are selling simply have no idea. Robert...

To: Mr Metals who wrote (251)	11/5/1998 7:45:00 PM
From: Semyon Kuretsky	Respond to of 405

the lower it is going now the higher it will go later. 2 core holes out of 15 (9 drilled and six will be drilled) represents 0.13% of the entire 500mm ton core and = 65mm tons 65 * 0.14 = 9.1 - 9.3 mm oz of gold (this is the worst we can have) and only based on these values stock should be in the 7-8 range 9.3 * $50(in the ground) / 48mm shares = $9.6 I do not think company cares at this time about a stock price They care about the drilling and recovery process (15 core holes * 500) + (21 holes * 500 ) + 500 * 2 (extention) = 19,000 linear and this encompasses 500mm ton as company announced So when this drilling is done the picture will clear.. For now (althogh it would be nice )I would not be too much concern about the price stock. It makes it possible to pick more shares at this low price for somebody with cash on hands..