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


To: David R. Schaller who wrote (7940)12/5/1997 8:44:00 PM
From: David R. Schaller  Read Replies (2) | Respond to of 14627
 
From Scavenger Report: Hope he doesn't mind me posting it here. Worth a look.
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Pacific Rim Mining (PFG : V)

52 Wk Hi/Lo: $8.20-1.08 Close: 1.15

Shares Issued: 18.2M; 24.3M f.d

Working Capital: $9.0M Per Share: $0.49

Barrick is planning another phase of drilling in the new year on the
Diabillos silver-gold deposit in Argentina. This project is at a pivotal juncture where Barrick must decide whether to go to production
leaving PFG with 30% interest or drop the option. While Barrick
carries this program, PFG continues to look for new projects in
Argentina. Major shareholder is Catherine McLeod-Seltzer (8%).
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First time I've seem CMS's position in print.

Dave



To: David R. Schaller who wrote (7940)12/5/1997 10:42:00 PM
From: Bearcatbob  Read Replies (1) | Respond to of 14627
 
dave, Time for a rest until Monday. Before then I will look at the drill holes to reevaluate my comment. Consider the grade of the Midas Ken Snyder mine of Franco/Euro Nevada. We have almost enough silver there that the gold is almost for free. Those are the kinds of mines that will be built in this environment.

Do you have any sense of the ease of mining at Diabllos?

Bob