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

To: Quickdraw who wrote (12659)2/18/2000 9:05:00 AM
From: ogi  Read Replies (2) | Respond to of 14627
 
Do you really think a major will spend a billion dollars, a la Arequipa on a first drill program of 12,000 metres ? I don't think that would be responsible to their shareholders!
You have to know what you are buying and that takes a lot of holes which PFG has the money to drill and prove they have an asset worth buying. If it is what we all think it may be, it will be bought, but it will take time and holes.



To: Quickdraw who wrote (12659)2/18/2000 11:51:00 AM
From: grampa  Respond to of 14627
 
You're right -- It'll move LONG before "2 yrs"



To: Quickdraw who wrote (12659)2/19/2000 11:37:00 AM
From: charred  Read Replies (1) | Respond to of 14627
 
Come on Quickdraw, will a senior company buyout PFG without having the metallurgy? I don't think so.

Paying 150 million to the shareholders and then later paying the other 25 million to the owners without knowing exactly what's there and not knowing the cap ex, come on Quickdraw, think a little a bit.


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