Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: charred who wrote (12575)	2/1/2000 6:52:00 PM
From: Quickdraw	Respond to of 14627

charred, You make it sound extremely simple, yet when I read opinions from acknowledged analysts like Brent Cook that also make it sound simple I wonder at each of your expertise. Message 12591589 When I read that "Institutional investors have snapped up about 20% of Pacific Rim's 20.5 million outstanding shares. Analysts believe senior gold companies have done some buying too." I wonder at the analysts expertise against yours. And when I read SWG president's quote "It's one of the best prospects we've seen anywhere in the world for a long time," I wonder at his expertise against yours. nationalpost.com For now, I prefer to walk the middle ground but I am glad you present another view point ... perhaps somewhere between the two extremes is reality. Qd

To: charred who wrote (12575)	2/1/2000 9:59:00 PM
From: Nexus	Read Replies (2) \| Respond to of 14627

Charred, Not that simple, is it? First of all, PFG hasn't paid US25mil just yet. The bulk of it is not due before 2 or 3 years from now which gives them ample time to play out the scenario. As the analyst Qd quoted saying, if they discover 7 million ounces, this property would be worth about US700mil. As Enigma said, majors are willing to pay up for huge tonnage deposits at low cost of production since they are the only economic ones in this gold market. The US25mil then becomes irrelavent, doesn't it. If they don't discover anything substantial on this grassroots property, and it is grassroots since it has not been explored yet, then they just trash the property and it will have cost them a few hundred thousands and cost of drilling. Big deal. Isn't it worth the risk? Simple isn't it. I guess the only thing you haven't figured out is how to evaluate the share price of a company which owns such impressive assets since I guess you would also be participating in this one. Well, that's the only thing that matters to me. Good luck, Nexus.