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Imperial Metals, Vancouver based company is listed in the TSE. It owns 45% of Cathedral Gold. It is now on the construction stage at BC to mine 100,000 ounces annually of gold next fall (1997). IPM is currently trading at $1.26 Canadian with 6 months earnings of $.11 and a P/E of 14. IPM's high was $2.30 when the price of Au hit $394. Its lowest price for the year was $.80 It shows that IPM price is directly related to the price of gold. Could you imagine what the price of this stock sometime next year before they start their production. This is a stock that will not take you out of the market. | ||||||||||||||
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