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

To: Mr.Staya who wrote (7884)	11/28/1997 4:43:00 PM
From: Quinn	Read Replies (1) \| Respond to of 14627

Actions speak more than words; but the mind is open and we will wait and see !!

To: Mr.Staya who wrote (7884)	11/28/1997 5:58:00 PM
From: Bearcatbob	Read Replies (1) \| Respond to of 14627

Mr. Staya, I checked Globenet and the article did not show itself to be an obvious find. Is it on the net today? If so, under what heading? Bob

To: Mr.Staya who wrote (7884)	11/28/1997 6:09:00 PM
From: Phil Jones	Read Replies (2) \| Respond to of 14627

Mr. Staya: Another interesting point in the article related to Aeroquipa's Pierina development. As I understood it, CM (as she then was) and her company let Barrick do some drilling to see what was at the site, and Barrick underestimated the results so as to lower its bid. It was only when CM was going to bring in Placer Dome to do some drilling that Barrick raised its bid. Barrick wanted a JV with Aeroquipa to mine Pierina -- but CM wanted a sale. With PFG, the JV agreement is already in place. What I'm wondering is whether Barrick is playing the same game, i.e. underestimating what is at Diablillos to try and keep down the price that is eventually offered. Is there any way for PFG to hire its own drill crews so that it can get an independent evaluation? Can anyone post the whole RoB article?