<<25 million dollar payment is coming. You guys have implied that there will be a bidding after the first round of drilling.>>
The 25 million dollar payment is not due until November 25, 2002. Why you keep bring it up as if it is due tomorrow is beyond me. A few of us on the thread have put forward that at least two rounds of drilling must take place. No one has implied bidding will take place after the first round of drilling. Tom Shrake himself has indicated a diamond drill will be added to the mix, after the first round of drilling. The latest press release now indicates that a minimum of 12000 meters of drilling will take place in the first round.
<<This is a stupid comment. The properties around the area are claims with NO PRODUCTION. Other companies wanted Luicho because it is an excellent property, but these companies weren't willing to sign a deal such as PFG did.>>
So let me get this straight, unless a prospective property is sitting next to a PRODUCER, it has no merit. I guess Newmont and Southwestern Gold need not waste anymore time on their claims then, although last I heard, SWG's Evita property was showing some good surface sampling results. As for the majors that lost out on the bidding process, time will tell if they should perhaps have bid higher.
<<The NSR is huge. Of course Barb says it isn't and of you believe everything management says.>>
charred, we've gone over this many times previously since the NSR - Bad Deal "crash and burn" posting campaign you started on this thread in September 1999 when the PFG share price was below $1CDN. Barb Henderson's comment regarding the NSR was that although it is large, it is in line with other NSRs currently in place, in Nevada for example. What information I receive from Barb and/or CMS, I try to post in as unbiased a fashion as possible. I think I have demonstrated in my posting that I try to get as much information as possible from as many sources as possible, newsletter writers, other mining companies, other threads, other posters ... even from yourself. All of this information I share. Then I do my own analysis and make my own investment decisions. Oh and by the way, we closed at $5.30CDN today ...
<<Quickdraw, what about the other 2 bottle rolls tests. Average 40% on the high grade. >>
charred, you are a man of extremes. It appears that if a property does not measure up to Yanacocha, it is not worthy of your time, if bottle roll testing shows that less than 4% of the total potential resource is showing a poor recovery rate, then the whole property doesn't measure up in your mind. Please let us wait for further metallurgical results before making these kinds of statements.
<<About missing the boat, not at all. I have made some big returns elsewhere. I stay away from promotion. I don't need to hear the company's hype for me to buy. >>
I too have made some big returns, Arequipa comes to mind, Diamond Fields another, and more ... didn't follow the hype on those, not following any now ... instead I inform myself as best I can.
<<Want I meant by experience is that I have been involved in projects that were bought to a feasibility stage. I know what it takes to a study. You don't. >>
This is of course irrelevant. I am an investor, not a miner. When I see other highly prospective properties like Arequipa and Argentina Gold were bought out well in advance of having performed their own feasibility studies, as an investor, I ask myself why you feel it is so important that PFG complete one before any major will even look at them.
Qd |
