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

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To: Nexus who wrote (13145)5/25/2000 6:02:00 PM
From: Claude Cormier  Read Replies (2) of 14627
 
Nexus,

I think you fail to understand that FGX' El Sauzal is among the best economic gold projects at current gold price.

<<FGX is the riskiest play as it is priced on assets that could very well be discounted even more in this environment.>>

This is not true. Their Marlin property is playing the same role as Luchio is playing for PFG. ANd one of their assets (cash) can be used to create more value without dilution.

<<Surely you don't think that at these prices the market is discounting a 7-10M oz discovery?>>

The market is certainly expecting that kind of a discovery. It will move PFG's price higher if the discovery is confirmed, or lower if only 4 millions ounces or less is discovered.

CC
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