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 : Francisco Gold - FGX.V -- Ignore unavailable to you. Want to Upgrade?

To: Quickdraw who wrote (778)	5/5/2000 10:29:00 AM
From: Claude Cormier	Respond to of 1907

Qd, It will be a minimum 6 holes, possibly a bit more depending on the wheater. <<How might this impact any drill program initiated by Francisco Gold and if delayed (put on hold) how might the share price be affected.>> The drill program will be put on hold for sure. During that time other work will be done. I hear also a possible small drill program at El Sauzal to test a new zones just discovered. The question is will they have the time. Maybe a suitor will take action before the 2nd round. Remember, infrastruture is exceptional, grade is exceptional. After this program we will have an indication on depth and therefore size of the main zone, and probably metalurgy. Given the high grade of the zone which is easy 10 times average of heap leach mines, a 6 holes program can possibly defined more ounces than a 10, 20 and or possibly 30 holes program on a property that average below 2 g/t. All will depends on the grades at depths. The company is already a takeover target and a deal will happen eventually, with or without Marlin. A discovery at Marlin will likely trigger that deal and will give shareholders a better price sooner, I think.

To: Quickdraw who wrote (778)	5/5/2000 3:51:00 PM
From: Claude Cormier	Read Replies (2) \| Respond to of 1907

Qd, Is that you bidding for 25,000 shares at $5.50 here ? <g> Edit: 5 minutes after I saw that bid appear, another trade took place and move the price to $6.20. It may not stay there, but this kind of trading shows that there are no sellers of FGX stocks. The low liquidity can always work both ways. A discovery on Marlin with a few holes of 50-100 meters with the kind of grade we have on surface could move FGX to $20 on short notice. BTW Qd, have you looked at BAY ? Also a great value very small risk and with lots of updside potential. But with better liquidity.