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

To: Chuck Delo who wrote (288)	11/23/1998 1:59:00 PM
From: Semyon Kuretsky	Read Replies (2) \| Respond to of 405

<<There are two major things that have to occur for this stock to take off to much higher levels. One short term, one longer term. The first, (very, very, important) is the two ton leach test. This will probably give us the actual extraction method and cost per oz. of each mineral. The second is proving the reserve. For this first section, that may not get done until next summer. But if just this section is proven we have a major winner.>> <<For this first section...>> Chuck, are you referring to the first phase of drilling encompassing 500 mm ton?? If yes, I would agree with you that they would need time till next summer to do this, and more likely they will take all the time needed to do so.. On the other hand, they could just prove part of this first phase, the 9 holes, by doing additional drilling and changing the center from 800 to 400. Even 9 holes could be big - up to 10mm OZ ...enough to make headlines in major mining publications. I would rather see them to take this direction.. How long should it take to do the two ton leach test? Regarding PGM - do not know what to think, until we hear something from the company... Time will tell. Thanks, Sam