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

To: Claude Cormier who wrote (13146)	5/25/2000 6:30:00 PM
From: Nexus	Read Replies (1) \| Respond to of 14627

Claude, <<El Sauzal is among the best economic gold projects at current gold price.>> It may be but when gold prices are falling like they are right now, the property's value also declines. It is simple economics and I think you fail to understand that. On top of it, it is a depleting asset so the more it takes time to put into production, the more it loses it's value. <<Their Marlin property is playing the same role as Luchio is playing for PFG.>> Not even close. Marlin has potential but that is all so far. Perhaps that is why FGX's price hasn't moved even with it's acquisition. On the other hand, I think there is enough evidence to confirm much more than just potential at Luicho. We are in a `All there is left to know is how big it is' mode, and only a few months away from an 'All there is to know is how much someone will buy us for' mode. <<ANd one of their assets (cash) can be used to create more value without dilution.>> If they just invest it at 5% interest, I can get the same return in a CD at the bank without investing in a risky resource company. It is also spent on expensive administration costs. That is why $1 in the coffers of a resource company is worth less than $1 in your pockets. Nexus.

To: Claude Cormier who wrote (13146)	5/25/2000 10:33:00 PM
From: charred	Respond to of 14627

Hello Claude, Nexus and Quickdraw. I have to agree with Claude on this one. The company with the least risk is FGX. The company has a very strong cash position. PFG and CDU will have to raise more money. CDU only has the cash for the next drill phase. In the case of PFG, the 5 million will be all used up for the drilling. More financing will have to be provided for the surface rights. In addition over 40 million must be raised to pay the owner. I see PFG having well over 30 million shares one day. In the case of FGX, there will be no dilution for sometime. Cheers