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Gold/Mining/Energy : Pioneer Metals (T.PSM)

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To: average joe who wrote (477)11/2/2000 10:20:19 PM
From: violet peterson  Read Replies (1) of 502
 
Hi Average Joe
Thanks for the reply. Phoned Pioneer Metals today and had a good chat with Warren about the latest news release.
He said that people have to realize that the area that Pioneer has staked is larger than Vancouver and than some.
He stated that Cameco is still very excited an still on board and happy with the latest drill results.
As of yet they have not hit pay dirt but are starting to narrow things down a bit.
Cameco has extented there option for one year longer.
Warren did say that the boulders mentioned in the news release contained uranium grading about the same as the first ones that were found
He also stated that Mr. Sorenson in his opinion is taking a bad rap sometimes because people expect things to happen tomorrow.
Warren also said that Mr. Sorenson was the one that saved Pioneer Metals from going under and now has made this in to an active company'and like other share holders is banking on hitting the mother load.
Warren also said{do you think were doing all this drilling for nothing'and if things didn't look good do you think that Cameco would want an extention on the options.
Warren stated that Mid-West Drilling is leaving there drill up there year round as there will be lots of work up there for the drill.
I got the feeling' that Warren felt the share price was much to low for what has and whatis about to happen at Riou Lake.
Well I'm a long time holder of this company and will not give up my shares at this price'but instead will be buying more.
Mr. Sorenson could help the share-holders by speaking up a little more than he does' but again maybe that is not his style
The share price at the present is just pennies and if Pioneer Metals were to strike the mother lode that they feel they are getting were close to' there would be some were rich people around.
Is the investment of a couple thousand dollars worth the risk. I feel that it is and will be buying more in the hopes that Pioneer will come thru.
Good Luck////////////
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