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

To: Quickdraw who wrote (13141)5/25/2000 4:17:00 PM
From: Claude Cormier  Read Replies (1) | Respond to of 14627
 
<<Shrake and gang have reduced the risk in Luicho enough in my mind to justify the current share price in PFG.>>

I agree with that. But expectations are for a 7-10M ounces discovery. And I think you will agree that they might not meet these. The risks I see is for them to find only 3-4M ounces of gold. Depending on the economics, it could mean a stock way below current market value.

<<The next few months should be interesting for all three.>>

I certainly hope so. As long as gold doesn't move below $200... <g>



To: Quickdraw who wrote (13141)5/25/2000 5:42:00 PM
From: Claude Cormier  Respond to of 14627
 
Qd,

A good article on gold hedging. It is interesting to notice that Francisco'El Sauzal project is listed among those with the best economics.

tocqueville.com

Until PFG's Luchio makes that list, I continue to believe that FGX is much less risky than PacRim. Still, I want to own both.


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