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Gold/Mining/Energy : Paramount Ventures & Finance -- Ignore unavailable to you. Want to Upgrade?

To: Lazarus Long who wrote (3630)	12/16/1999 12:01:00 AM
From: Diamond Daze	Read Replies (1) \| Respond to of 4884

Laz, <<Why did you think Ewing is in charge? The thought never crossed my mind.>> I never said Ewing was in charge. (And if he is not an active director that means who is in charge ? ) what I meant by this is that leaves...Conroy, Owen (and Husband).... <<I see one property days away from full production.>> Wonderful, we need the cash flow. We also need way better production numbers that what was reported and it would be a nice bonus to see the diamond values in excess of 140.00. Even though 2.5 million (based on reported runs and values) gross dollars is nice, I doubt very much that the net would be 500k. Give 20% to the owners and 40% to PXM that would then leave about 200k...divide that by 27 million shares and walla there is your earnings less than .01 per share. They must ramp up production to at least 3 times what they stated, as in my business operational costs (or hard costs) are nearly the same wether I move 10 yds per day or 400 yards per day, but I will tell you moving 10 yards per day you lose your ass, moving 400 yards per day youre making money and lots of it with virtually the same identicle costs. <<The way I understand the history is that Plewes brought us into Ontario and Brazil.>> I never stated any thing different, what I said was Ewing introduced Baines to Conroy. <<. Another 6 short weeks away from completion of an EIS with production shortly after that. >> Cant argue with that one no matter how hard I may want too. <<. Finally, a what could be world class property, a few weeks away from a long awaited drill program. >> No arguement here either except my money is they have already started... <<Cash flow from an offshore oil well with more holes to be drilled.>> We will see. <<All in all not a bad year IMNSHO. >> You got two more weeks in this year to see if that comes true...my debate is on Brazil not on Ontario. If they can ramp up the production it will be a cash cow if they stick it out and only run 100 meters per day it is not going to excite any one at the published rates. Mind you I am using all consevative numbers that have been put on the news releases....Jim would like that..:-)....DD does that really count. IMNSHO,NAFC