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

To: Phil Jones who wrote (12362)	12/1/1999 2:23:00 PM
From: m jensen	Respond to of 14627

Phil looks like the article rounded down to the nearest whole number. The figure is closer to 3 1/2 to 4 mill the interims will be out fairly soon. They have enough to complete the program on Luicho road/drilling/assays etc, but after that it will be getting thin. Given the opportunistic nature of the company I am sure they will capitalize the kitty when the time is right. I guess the decision will be whether to hang through with further dilution coming or not. I been in for 5 yrs now and am holding pretty cheap paper, so I might hang in for da results if there good the dilution may be mininmal if not?? Alot can happen btw now and April prior to commencement of drilling who knows where Gold/Silver will trade by then. Maybe just maybe Barrick will have relesaed the results of the holes they twinned at Diablillos back in Sept as well. >g< Mike

To: Phil Jones who wrote (12362)	12/1/1999 9:19:00 PM
From: charred	Read Replies (2) \| Respond to of 14627

The money will go much quicker. Here's what might happen. In the short term, I estimate it will cost over 2 million CDN to drill the property. Then add in the $400,000 US for the option payment and then management's salary, then all the conferences, they have to raise more money. With that being said, CMS will probably promote the stock to $4CDN then raise 10,000,000, to complete the feasibility study. Three things then will happen. One, CMS issues 8 to 10 million shares to raise money to buyout the owner. Now the company has approximately 40 million shares. Then sells the company for 120 million making the shareholder $4.5 CDN a share. Two, The company sells the company before buying out the owner. The cost $30 US per ounce X 4 million = $120US = $180CDN - 40 million = $4.66 CDN a share. Same as one. Three The company puts it into production themselves which I don't believe they would do. All this is based on 4 million recoverable ounces of gold. I am also using $30US per ounce. Why because of the big royalty, 3% NSR is valued at $9US The 12,000 meter drill program is very risky but for management to commit to this, it must be an excellent project. Their website is one of the best, it really helps the investor see the property potential. Just playing around here. Anybody has a different idea what might happen. I guess I still owe Elizabeth a story here.