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

To: Bill Jackson who wrote (14024)	11/3/2000 5:00:10 AM
From: Phil Jones	Read Replies (1) \| Respond to of 14627

Bill, pretty depressing when we're looking at an optimum situation for PFG being $1/share. No wonder so many of those on board the good ship PacificRim have taken to the lifeboats while others have jumped over the railing. Is the stern slowly rising in the air? After its series of ground-sampling fiascos, it seems clear that nothing less than drill samples will ever again bring PFG big investment money. And drilling programs require big funding. What's the answer on this chicken-and-egg? I don't fault Mrs. McLeod-Seltzer for the current situation. She's a PR person for the firm, and was pretty good at raising money for Luicho. But Tom Shrake is the field person, and I'm quite underimpressed with his record. It seems clear at this point that Barrick had good reason to let PFG "win the bidding war" for Luicho. Barrick's geologists obviously had a better insight that the ground at Luicho might not be a reflection of the surface sampling. Phil