Pacific Rim Mining V.PFG Message Board

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Gold/Mining/Energy : Pacific Rim Mining V.PFG

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To: Quickdraw who wrote (12684)	2/23/2000 6:45:00 PM
From: Nexus	Read Replies (3) of 14627

Qd, In my opinion we need a substantial financing plan no matter what the situation is. It's a matter of protecting the shareholders. We agree that we will probably need 2 drill programs to attract a buyout offer (if the results are good of course). If we do get that buyout offer after these 2 drill programs, we still need $$$ to finance a rush drill program to prove up the property even more or finance a 3rd drill program if the offer doesn't come right away, it is a very big property. As far as protecting the shareholders, we need money in case this thing doesn't pan out after all (not likely but...). We need more cash to allow us to find another prospect and explore it. You have to admit that things looked pretty bleak after the last promissing property went bust. The only thing holding us together after that was the cash in the kitty. I don't think we would have had this deal on this incredible prospect if we went broke. Prices are good right now and probably will get better as we go along in the next couple of months, so I would not be disapointed if I saw a 2 million share financing giving us 10-15 million. The dilution would be less than 10%. Call it insurance. Good luck, Nexus.

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