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: Quickdraw who wrote (12665)	2/18/2000 11:24:00 AM
From: Nexus	Respond to of 14627

Qd and Ogi, Good points by both of you. I cannot over emphasize enough the comments of T.S. speech when he said: "Our work objective is to take as much technical risk out of the project as we can as fast as we can". The extensive surface sampling and tunnelling done so far and all the tests they are about to do in the next month should give a clearer and clearer picture of the viability of this project. As Qd said, the next release should be a very important one. If all goes well, there should be little doubt that this project will be a big success. All that will be left to do (simply put) is more sampling and tunnelling, drilling to confirm and work on identifying the size of the property. As I said before, we are in a much more advanced stage of exploration than at first glance. The way this exploration program has been set up so far has given us a sea of information to work with and add to that the very optimistic comments of a very conservative reputable management, I think things are looking up. On my part, I will try not to make any price predictions, you never know with the markets these days, but as the analyst said on Nate's post, it would not be wise to value PFG on the results obtained so far. It is wiser to value it on what it has a good chance to be...a deposit that will eventually bought by a major. At what price...whatever we can get. I'll let management that has done that before take care of getting the best price for us. As far as the chronology of events, if this property continues to prove itself, because we already have so much information available from the work done so far and what will be available in the next release, I think a couple of drill programs will be more than enough to attract offers. I don't think they will come too early knocking on our door due to the conservative nature of the majors who want to see concrete evidence of something they will pay up to get, they might opt to invest in the company like they have been rumored to do already and sit back for a while. But I sure hope we will get a chance to get a good idea of what we have before we have to let it go. Nexus