Pacific Rim Mining V.PFG Message Board

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

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To: Nexus who wrote (12685)	2/24/2000 11:31:00 AM
From: Quickdraw	Read Replies (1) of 14627

Nexus, I don't necessarily disagree with anything you've said. I guess what I'm trying to say is that the size and timing of the financing may provide a clue as to PFGs future plans with Luicho and at this stage I am looking for any clues I can find. A small financing in my mind could equate to a confidence that this property is a world class deposit, not has the potential to be a world class deposit. If they don't already know this, I think they will have a good idea soon, perhaps with the results to be announced in the mid-March news release. In essence, why dilute the stock any more than is required. This speaks to timing also as in my mind, the longer the financing is delayed, the further confidence in the property, the higher the share price (one would hope) and the lesser the dilution. If further funds are required to finance a rush drill program at a later date, they can be obtained for a lesser dilution (an even higher share price) quickly from institutions with which PFG has already developed a relationship. Although your interpretation may be correct, a larger financing may in my mind (subject to information provided in the news release) be more indicative that the property is not necessarily a world class deposit, even though it may be a deposit of significance. It would therefore take longer to prove up and the share price may languish. Built into the current share price is much speculation that this is a world class deposit. I would hate to lose the current value and have to wait for an extended period of time until it is again regained. That is why I am trying to use the financing as an indicator. I do not like the idea of having to go through what we did with Cofradia and I don't think there are as many grassroot projects with world class potential so we could slide right into another like we did this time. Qd

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