PACIFIC BAY MINERALS, LTD-More than its name, No Pac-Rim! Message Board

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Gold/Mining/Energy : PACIFIC BAY MINERALS, LTD-More than its name, No Pac-Rim!

PBM 0.799

+4.0%

Jan 9 9:30 AM EST

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To: Chuca Marsh who wrote (154)	3/22/1998 12:08:00 PM
From: mark warburton	Read Replies (1) of 176

Chuca, It has been a while since the stock has been actively traded. The lasts few days trading volume is up sharply stock is on the verge of a major break to the upside. In December the company announced the Logan deal. A reserve of 11 million tons of ore at 6% zinc and just about 1 ounce per ton silver. Word is out that a deal is imminent that Pacific Bay will be involved in a partnership to take this mine to production with a major mining company. The first aspect will be to drill to increase the reserves, keep in mind that the information to date shows the mine open at depth and strike as well as grades increasing at depth. Chuca this stock is a screaming buy on the charts, as well as the share float being extremely low for a junior with this kind of property. Fully diluted you are looking at 8 million shares or a 2 million dollar market capitalization. Market by book shows a big void from 30 -40 so I can see this stock in the 40-50 cent range in short order. Watch for any news release... Good trading Mark

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