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: Nexus who wrote (12601)	2/5/2000 9:52:00 AM
From: Quickdraw	Read Replies (1) \| Respond to of 14627

Nexus, An announcement like Placer Domes should be good for the whole sector. I read that Barrick is making an announcement on Monday ... will they follow suit? Found this at Kitco: kitcomm.com Qd

To: Nexus who wrote (12601)	2/5/2000 10:30:00 AM
From: charred	Read Replies (2) \| Respond to of 14627

Hello Nexus, just thinking out loud here. I have never seen a company do two 25 million deals in one year on undrilled properties. Weird isn't it. As pointed out in CMS's speech, the Luicho project was in a bidding war with many. Everyone knew about this project, including Barrick. Okay, Lowell brings PFG this project in 1998. In early 1999 a finder fee is negotiated with Lowell. Normal stuff. A few weeks later the Cofradia project is signed for 25 million US. Why do such a expensive deal when you are in negotiations on the Luicho property? With with the poor results at Cofradia, only one hole showing anything, why did PFG option the property and was willing to pay the high price in a short time for a such a grassroots play. Beats me. Maybe here is the reason. While they were negotiating the Luicho deal, they did the Cofradia deal, knowing that the property is not a sure bet and probably a dog, but they did the deal anyways. This was done to show the Luicho owners that they are willing to do the big deal and throw around the big bucks. After spending 4 million during April and October, the Luicho deal was signed. This must be a mine if they went through all this. What do you think?