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Gold/Mining/Energy : Gold and Silver Mining Stocks -- Ignore unavailable to you. Want to Upgrade?


To: Ptaskmaster who wrote (5)2/2/2000 3:41:00 PM
From: Claude Cormier  Respond to of 4051
 
BTW,

Forgot to add Corner Bay's SI thread UL:

Subject 12613



To: Ptaskmaster who wrote (5)2/2/2000 5:09:00 PM
From: Claude Cormier  Respond to of 4051
 
Another recent high flyer is Pacific Rim (PFG.T).

bigchart.com

The company current focus is the Luicho property in Peru that has the earmarks of a multi-million ounces of gold deposit.

The company has collected several thousands samples which showed the presence of gold over a large area. No sub-surface exploration has been done so far. A financing is coming that will pay fro a spring exploration program that will include a drill program. The details are available on PFG great website at:

pacrim-mining.com

The stock went from below $1 last fall to $5.65 last week on this Luicho acquisition. I think that PFG stocks has gone to far to fast and it is likely to settle down below $4 while waiting for the drill program.

Still PFG and Luicho have a lot of potential for the end of the year. The potential is for a deposit that will exceed 5 millions ounces. That could boost PFG stock well above last weeks high.

For now, it is time too watch... but a buying opportunity should occur at lower levels.

Here is PFG thread on SI:

Subject 6347