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Gold/Mining/Energy : Pacific Rim Mining V.PFG
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To: Bill Jackson who wrote (14468)1/10/2002 1:55:35 PM
From: Ross Mickey  Read Replies (2) of 14627
 
PFG is switching their "model" to emulate Meridian Gold Inc (MNG). That is a low production cost mining operator. Meridian has an $800 million market cap with a 1.2 million oz resource producing 300,000 oz per year for about $100/oz. PFG hopes to increase Daytons 350,000 oz indicated to 1 million plus through a drilling program to start this spring. PFG has $3.5 million and Dayton has $2 million. They hope to raise $14 million from Daytons Raw Hawthorn heap leach project over the next three years. No plans for reverse split or financing.
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