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Gold/Mining/Energy : Pacific Rim Mining V.PFG
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To: David R. Schaller who wrote (10891)12/1/1998 1:42:00 PM
From: Nexus  Read Replies (1) of 14627
 
David,

It would be nice to have a few more ounces at Diablillos but the grades are not high enough to mine it at present conditions. It would take a major move in precious metals for the investment community to add value to this property. It doesn't cost anything to Barrick to hold on until June 2000, that is why now that the resource estimate is out, this property will have no effect on the share price in the near or medium term. We now have to rely on a discovery to get the excitement back in this stock. Unfortunately, aside from the drilling at La Colorada, there is nothing major planned for the next few months. Let's hope they hit at La Colorada and that there still will be money in the kitty for further exploration programs or else...look out below.

Nexus
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