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Gold/Mining/Energy : Pan American Silver Corp (PAA-T) -- Ignore unavailable to you. Want to Upgrade?

To: Elizabeth Andrews who wrote (276)	7/14/1999 1:43:00 AM
From: Claude Cormier	Read Replies (1) \| Respond to of 358

Sorry Eliz, too many questions... and I have too little time.

To: Elizabeth Andrews who wrote (276)	7/14/1999 7:41:00 AM
From: The Vet	Read Replies (2) \| Respond to of 358

If you read the past three or four annual reports (I have - and yes I have held this stock for that time) you will note that all of these questions have been answered. All of the expenditure that goes into Russia is insured. It is a no loss for the company deal. Sure it may be no profit as well but even then considering their other silver properties PAA can do quite well even without Russia. If it does work then it's a bonus (and a good one at that). PAA does have a very astute and conservative board of directors and they have been very careful to make sure that all the bases have been covered in the Russian deal. They also have spelled it out in detail in their various reports. If you are interested look them up.

To: Elizabeth Andrews who wrote (276)	7/14/1999 11:38:00 AM
From: Ptaskmaster	Read Replies (1) \| Respond to of 358

"Tell me how they get their money out [of Russia]?" They plan to truck it out, which raises some pragmatic questions: Will all the planned high grade concentrate produced at Dukat make it intact by truck to Magadan and through handling and transfer to ships for transport to overseas smelters for refinement and sale? Will the possible construction of silver refining facilities in Magadan generate a local product that, if not required to be sold to or marketed by state agencies, is an even more desirable object for fraud and theft?