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Gold/Mining/Energy : PACIFIC BAY MINERALS, LTD-More than its name, No Pac-Rim!
PBM 5.970+832.1%2:15 PM EST

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To: C L who wrote (1)7/16/1997 1:16:00 PM
From: mark warburton   of 176
 
Charles glad to see someone else intereted in pacific bay minerals.
I have held this stock for a number of years at a significant loss
but I thought eventually it would come back to life. A couple years
back a 5 to 1 share consolidation happened and the company changed
its name and operating focus. The properties you mentioned have been
vended into the new look Pacific Bay and it will eventually be promoted
again.
At present no cash to work with but some excellent potential properties.
With the joint ventures a nice find could let them spin off some claims
and use the cash to explore the Brazil property in depth. Also a nice
spike would see the warrants exercised which would give hard needed cash
for exploration of these claims.
good Luck all
Mark
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