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 : Gold and Silver Mining Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (1398)	6/19/2001 4:43:35 PM
From: baystock	Read Replies (1) \| Respond to of 4051

I like Farallon a lot. They have several adjacent polymetallic deposits in Mexico with very good gold and silver content and that are worth $billions. The promoters behind it are Hunter-Dickenson group (behind Great Basin Gold, etc.) who are well known in junior mining: Farallon Resources Ltd FAN Shares issued 17,434,196 Sep 18 close $1.54 Fri 18 Sept 98 In the News Robert Bishop, writing in the Sept. 9, 1998 edition of his Gold Mining Stock Report, says Farallon Resources is a buy at $1.28. Mr. Bishop recommended Farallon in January 1996 at $4.75, again in May 1996 at $11.70, and once more in October 1996 at $16.45. In his current report, Mr. Bishop says there is real value in the stock at current prices. "I view it as one of the major price anomalies of the current market, and that's why I've recommended it for purchase of late," he writes. In July, the B.C. Supreme Court ruled in Farallon's favour on all counts in a case brought against it by Summex Mines in February 1996. Farallon said the decision confirms FAN's 100 per cent title to the Campo Morado mineral concessions in Mexico. Mexican authorities have concurred, and the issue of costs is yet to be determined by the court. Mr. Bishop suggests costs go well beyond lawyer fees, to include its price pullback from $20 in May 1996 to its current $1-and-change status. Further, he says, Summex's litigation nixed a deal at much-higher-than-current prices.