SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Pacific Rim Mining V.PFG

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Elizabeth Andrews who wrote (14023)11/3/2000 2:49:19 AM
From: Bill Jackson  Read Replies (2) of 14627
 
Ezilabeth, PFG will have a number of up and down cycles before it finds it's elephant(if ever!!) and the secret to a buy low sell high strategy is to buy low in the first place.
Those that you see selling now may have other, better deals they can jump to? They may be dispirited etc. Those that are buying now are indeed buying low. As for being in the know, I am not, however rumors suggest Barrick will abandon Diablillos and that PFG will make a good deal with a silver major. Gold in the ground is $10-30 per ounce, silver in the ground will probably range from 5 cents to 25 cents per ounce depending on variables and PFG seemed to have over 100 million ounces of silver plus a gold equivalent of about 50 million ounces of silver.....and there may well be a larger amount!!. That backs out to as much as $40 million or more, but could be less. Even so it will make the stock worth at least a buck or even more.
So i see it as a buy low point with a sell high of a buck or so.

Bill
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext