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Gold/Mining/Energy : Pacific Rim Mining V.PFG -- Ignore unavailable to you. Want to Upgrade?


To: David R. Schaller who wrote (12190)9/28/1999 10:27:00 AM
From: Nexus  Respond to of 14627
 
Dave and all,

A substantial increase in gold and silver gives value to Diablillos. It makes the project more and more valuable everyday. As I had said many times before, that is why Barrick was going to hold on to Diablillos until the very end of it's contract in june 2000. You never know what could happen to the price of precious metals, and it's happening now. With their stock price increasing like it has, Barrick has a better currency to buy out juniors like PFG before they make their move and that scenario is more likely today than it was before. We will see.

A move like this could also increase the speculative value of the new property that has a huge potential of a multi-million ounce discovery. Too bad Cofradia did not pan out, PFG would have skyrocketted.

Nexus.