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Gold/Mining/Energy : Pacific Rim Mining V.PFG
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To: Quickdraw who wrote (12644)2/17/2000 11:33:00 PM
From: Natedog  Read Replies (1) of 14627
 
just in case you missed this one. Released about 8 hours after the first release.

Pacific Rim Mining Corp -
Casey says Pacific Rim a buy on Luicho's promise
Pacific Rim Mining Corp PFG
Shares issued 21,615,370 2000-02-16 close $4.9
Wednesday Feb 16 2000
Doug Casey, writing in the Jan. 25 issue of his International Speculator, says Catherine McLeod-Seltzer's Pacific Rim Mining is a buy at $3.55. This is Mr. Casey's first report on the Peru explorer; he calls the stock high priced, but he advises subscribers to not let that put them off. The key is potential value, not price. The market's attention is on Pacific Rim's Luicho property, which Mr. Casey says is arguably an extension of the Yanacocha-Pierina trend. "All indications are that Luicho offers multi-million ounce gold potential," Mr. Casey says. Ms. McLeod-Seltzer and her management team discovered the Pierina deposit in Peru. Pacific Rim has 24 million shares outstanding, for a market cap of about $88-million. He says it does not make much sense to do a net present value (NPV) calculation at this stage, but "it's fair to say that unless the drilling that will commence this April is disastrous (and a lot of geologists I know are badly mistaken in reading the rocks) there is some serious upside here, even at present depressed gold prices."

(c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com
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