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

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To: E. Charters who wrote (4556)5/20/1997 6:34:00 PM
From: Jeff Haworth   of 14627
 
E Charters: You forgot the multiple!!!

You are trying to convince everyone that this stock should be valued at the value of the reserve. Simply not a useful measure of stock price. There is a multiple or premium for potential inherent in this stock (brought on by mgmt, cash in bank, great properties, etc...) Comparing this to several other junior golds which have none of the above yet are trading at or above PFG's market capitalization makes me sleep really well at night!

I don't pretend to agree with the values given these other stocks but I can hardly disagree as the market seems to be OK with it!

Jeff
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