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

To: Claude Cormier who wrote (285)	8/15/2001 1:41:23 PM
From: hedger	Respond to of 505

as a former lay holder for many moons and disappointments my vote is to go it alone and keep it in the family. the juniors usually get raped by the majors, let them salvitate if we were to hit, they would be knocking on the door. if need be go for a "minor" pp and get the drills going, we know where to target first. what are we all in here for? obviously the big hit and soon. looks like more interest building now, check my wallet to see if i have any change left to buy more. at lay prices we are only .04 bid................i am sure of one thing, all on this board are not long term shareholders in these type of stocks..........you want long term buy teck or cominco...........

To: Claude Cormier who wrote (285)	8/15/2001 7:00:16 PM
From: Brumell	Read Replies (1) \| Respond to of 505

Hi Claude, With respect, I strongly disagree with your thinking re: a jv. program. Here's why. 1. Many think a major being involved implies an endorsement. Without serious up front money, it doesn't. All PLY would become is a line item on someone's exploration budget. 2. All majors so far have wanted all the ground. I can see why but what does that leave PLY if major conducts a half-hearted program. Not much! Another reason why PLY needs serious up front money as assurance. 3. A jv. with a major does not lessen the risk. If they find nothing, PLY will crater. However, if drilling is successful, PLY's reward is drastically reduced. 4. As geological stories go, this is a pretty simple one. There's not much in technical expertise a major can bring to the table now. If they drilled, they would use the same local drillers that PLY will use. If PLY has adequate funding, they will drill as many holes as any major and possibly more.... and PLY WILL have adequate funding. Lastly, I can think of several companies in joint ventures who were successful. They made great fanfare of the major's status. Sounded great but truth was it killed junior's prospects. The discovered assets became an attractive item on the major's balance sheet.... while the junior eroded away. If successful, PLY may want to deal with a major, but why now? Other than for a few bucks, what's the compelling reason? That's why I hope they drill alone... and if another small PP with a 4 month hold is required, so be it. Bob