Pacific Rim Mining V.PFG Message Board

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Gold/Mining/Energy : Pacific Rim Mining V.PFG

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To: charred who wrote (11098)	1/19/1999 3:41:00 PM
From: Ross Mickey	Read Replies (3) of 14627

"It is not a good deal." I think it is way to early to make this statement. Either the property has many, many, many signs of being an elephant or management is trying to pull the hype of the season. We could ask ourselves why management agreed to a 4% NSR (which looks high by industry standards) and agree to pay $25 mill in 18 months. Did they do it because these were the only terms the current owners would accept or did they do it to hype the stock? The market is not treating the announcement very kindly. This could be folks who were expecting a different news release and were disappointed or it could be that these folks think this deal is all hype. I don't know which it is since I don't sit in the board rooms. I am betting on this being a legitimate play, i.e. the property does show signs of a very large deposit. We won't know until the drills have turned. Whether it is a good deal or not depends on how large a deposit they find. I agree that it will have to be VERY large for this to be a reasonable deal. Apparently, Tom Shrake feels it is. They said it was the best property of 300 candidates. Time will tell. Best of Luck, Ross

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