Pacific Rim Mining V.PFG Message Board

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

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To: Claude Cormier who wrote (13146)	5/25/2000 6:30:00 PM
From: Nexus	Read Replies (1) of 14627

Claude, <<El Sauzal is among the best economic gold projects at current gold price.>> It may be but when gold prices are falling like they are right now, the property's value also declines. It is simple economics and I think you fail to understand that. On top of it, it is a depleting asset so the more it takes time to put into production, the more it loses it's value. <<Their Marlin property is playing the same role as Luchio is playing for PFG.>> Not even close. Marlin has potential but that is all so far. Perhaps that is why FGX's price hasn't moved even with it's acquisition. On the other hand, I think there is enough evidence to confirm much more than just potential at Luicho. We are in a `All there is left to know is how big it is' mode, and only a few months away from an 'All there is to know is how much someone will buy us for' mode. <<ANd one of their assets (cash) can be used to create more value without dilution.>> If they just invest it at 5% interest, I can get the same return in a CD at the bank without investing in a risky resource company. It is also spent on expensive administration costs. That is why $1 in the coffers of a resource company is worth less than $1 in your pockets. Nexus.

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