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

To: charred who wrote (12364)	12/2/1999 1:22:00 AM
From: Elizabeth Andrews	Read Replies (2) \| Respond to of 14627

Ya, I do. Suppose the drill holes don't hit? Then the present value of the stock, with respect to its cash value, is about 30 cents. The positive thing here is that they don't have to make the US$25 million payment until it hits. The question is this: If the first drill hole supports the surface samples, will the stock go to the magic C$4 level right away? I doubt it. But if this were to happen, ie, the drill holes corroborate the sampling, then why not wait and buy the stock after there is an ore grade assay in a drill hole, since if there isn't, the stock will go to close to zero? In effect, your downside is 8:1 and your upside is 2:1, using charred numbers. This is not the formula to make money in spec stocks in my view. Why own it now when the risk of failure is the highest? Why not take a 100% return after you know that it may be possible and available? Charred, is there an answer? Liz?