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

To: 1st.mate who wrote (3742)	1/8/2000 11:27:00 PM
From: Diamond Daze	Read Replies (1) \| Respond to of 4884

Just saw this over on Stockhouse thought I would post it here....looky at all the info they forgot to tell... PARAMOUNT VENTURES AND FINANCE INC. PVF - Vancouver Stock Exchange TFR-RATED RECOMMENDED 29 Aug 1997 $ 0.84 CURRENT PRICE 01 May 1998 $ 0.72 INTERIM LOW / HIGH $ 0.50 / 1.20 SHARES ISSUED 27,500,000 FULLY DILUTED 31,000,000 MARKET CAPITALIZATION $ 19,800,000 WORKING CAPITAL (cash) $10,000,000 Tel.: (604) 687 - 1334 Fax: (604) 687 - 1338 U.S.: (800) 565 - 5059 Can.: (800) 565 - 5059 E-mail: paramntv@axionet.com Web site: www.paramountvf.com Contact: Paramount Inc. Roy Peers. Bob Moxey, I.R. Recommendation: Hold, there is plenty of money available to make something happen. It may be diamonds in Ontario. Paramount Ventures and Finance Inc. - PVF has various irons in the fire. The one that has the most immediate potential to move the stock is its joint venture diamond exploration program in Ontario, Canada, with Canabrava Diamond Corporation (CNB-V). To understand the Ontario diamond play you have to know a little about Canabrava. Dr. Rory Moore is president of CNB. You may recognize that name because Rory is the author or co-author of several of the technical papers I used as references for the recent TFR series on diamond exploration and economics. Before joining CNB, he was worldwide diamond exploration manager for BHP Minerals. Prior to joining BHP Minerals, he was the principal consultant to Dia Met Minerals. His interpretation of exploration results was instrumental in the eventual discovery of the economic kimberlite pipes within the BHP/Dia Met joint venture area in the Northwest Territories, Canada, that will soon become Canada?s first diamond mine. When he says a particular area has the potential to host an economic diamondiferous kimberlite occurrence, people listen! Based on the discovery of two diamonds by local prospectors and the results of a follow-up Ontario Geological Survey heavy metals and geochemical survey, CNB staked a 750 sq. km. property. Subsequent work on what is now called the Whitefish Lake project by CNB consisted of an airborne geophysical survey and stream drainage geochemical sampling program. In the course of the surface surveys, two kimberlite outcrops were discovered. On the basis of airborne magnetic data, the two pipes appear to be part of a cluster located in an area where the Ontario Geological Survey recovered anomalous kimberlite indicator minerals, including G-10 garnets. These are the first kimberlites known from this area and were found within two weeks of initiating the field program. The larger of the two is estimated to be 400 meters by 200 meters. Both pipes are reported to be shedding abundant pyrope garnets consistent with a kimberlite origin. Only a small portion of both pipes outcrop. The majority of these kimberlite bodies are under swamp or lake water. That brings us up to the present. The 1998 summer field season in Ontario is just beginning. CNB is currently mobilizing its crews and equipment. Both kimberlite occurrences are scheduled to be drilled in June. Results from this drilling probably will not be available until August. But if the drilling returns long intersections of kimberlite that can be extrapolated into tonnage potential, those that follow diamond exploration and diamond exploration stocks will turn their attention to Ontario. What does all this have to do with Paramount? CNB, through its work programs and research, identified sever- al other properties in the Whitefish Lake project area exhibiting similar potential for the discovery of diamondiferous kimberlites and started looking for a joint venture partner to share the exploration costs. Paramount Ventures and Finance Inc. looked at the data, liked it, and subsequently entered into an agreement with CNB to acquire and develop these additional properties on a 50/50% basis. Paramount is providing the first $800,000 in expenditures for each of what are now called the KAP project and the Superior project. Work programs on both projects will commence in mid- May. We know all too well how long it takes to bring a diamond project up to the drill stage; I don?t expect those activities to affect the stock price. But, if Canabrava is successful on its Whitefish Lake project, that good fortune will affect the stock price of both CNB and PVF. Paramount was originally recommended as a money stock with $17 million in cash. It still has $10 million and is always looking for an acquisition that could enhance shareholder value. Since September, PVF spent $7 million drilling high-risk, high-return oil and gas wells and conducting surface surveys on its Pachamamita porphyry copper project situated in the province of Salta, Argentina. Results from the completed oil wells have not moved the stock. It has a 10% interest in a 26,000 foot test well expected to reach target depth in August. The Argentine mineral play is looking for a joint venture partner. I originally recommended PVF based solely on technical analysis. I now intend to keep you posted on the fundamentals behind the company.

To: 1st.mate who wrote (3742)	1/8/2000 11:35:00 PM
From: Lazarus Long	Read Replies (1) \| Respond to of 4884

matey, Why are you trying to create such BS out of nothing? We just had a great news release with lots of good information and all you can do is type fantasy crap. We just increased our position by 25%. We have just had it confirmed that the 2 new areas that were mentioned in last release are being actively sampled. We have a reasonable explanation for the delay. You may have noticed in the paper just after Christmas that 14 people died in flooding in the rivers in Brazil. We have at least one new stone of high gem quality of 4.5 carats. So we know that we are getting bonus (anything over 1 carat, or fancy)diamonds on what we can assume is a fairly regular basis. We are again given the figures (300 cu/m X $140 USD/carat X .5 carat grade X 50%) which give us a gross figure of $10,400 USD per day for PVF's share. That figure is only based on "diamonds under 1 carat" and doesn't take into account our greater then 1 carat diamonds or blue and red (fancy's). They tell us that they expect that the gold production will "significantly increase the overall project economics". For the second release in a row they make the point that the recovery system was designed to be expanded. Possibly because they expect to expand it soon!! You complain about share price and they bring a guy in with brokerage experience maybe so they can have some new doors opened for us. Who better to talk to the mutuals and brokerage community then a broker with 12 years experience? He knows how to talk to them. Lazarus