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Gold/Mining/Energy : PACIFIC BAY MINERALS, LTD-More than its name, No Pac-Rim!
PBM 2.800-12.2%12:42 PM EST
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To: Chuca Marsh who wrote (136)12/18/1997 12:42:00 PM
From: mark warburton  Read Replies (1) of 176
 
Chuca,
got a hold of PBM late yesterday and chatted a bit about the private
placements and the money being spent. They were working on a report
to be released shortly in regards to the Dot and Fret claims where
the money was spent to explore and confirm Comincos previous results
in the area. Sounded very positive on the Fret claim. The geologist I
spoke with said that the results warranted further work on the area as
they were spaced quite far apart yet contiguous so inner work would
be required to confirm that the anomaly's are consistent throughout
the areas tested.
Majors looking at Trombetas again. joint venture possible if the terms
are right.
Then the new joint venture. David estimates that if the float was increased
to 10 million shares outstanding that the potential NAVPS from the Logan
property would be between 10 and 12 dollars per share. WOW!
You have got to really like what Mr. Brett has in store for this company.
He is taking a lot of steps in the right direction. Anyway looking forward
to the news on Fret hopefully full of wonderful surprises for a little
stocking stuffer.
Talk to you soon
Mark
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