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Gold/Mining/Energy : PLAYFAIR MINING - PLY . V -- Ignore unavailable to you. Want to Upgrade?

To: Brumell who wrote (243)	7/28/2001 1:24:52 AM
From: hedger	Respond to of 505

bob.....have you noticed the increased hits on the stockhouse site for each message? i have to think that if we ever hit anything this stock will rocket. i have been around since the early layfield and contiki days to know that until the drills hit we have zippola but this is the most excited i have ever been other than the svb days. there are a lot of eyes on this play and a lot of anxious buyers looking for the right one. i agree with you now is the time to accumulate or in my case average down...........better do it before the end of summer...........

To: Brumell who wrote (243)	8/1/2001 2:29:45 PM
From: Brumell	Read Replies (2) \| Respond to of 505

FWIW and IMO PLY have 3 options open to them. They are as follows: 1. They can option E1 South to either a major or a junior. However, this makes little sense unless there is some serious money attached to any deal. My hunch is this has always been a stumbling block to any joint venture. Others will drill but balk at paying up front money for the opportunity. 2. They can elect to drill themselves and do a small PP prior to drilling. Unfortunately with present market conditions, any new PP would likely be thin deal done at rates comparable to the last PP. 3. They can elect to drill with the money they have and gamble on hitting. If successful they could do another PP at far higher prices later. Until decisions are made, we can expect PLY to drift aimlessly. My preference is option 3 but I'm sure many will argue. As the world turns...... Bob