To: Bill Jackson who wrote (8365 ) 1/6/1998 11:57:00 AM From: Ross Mickey Read Replies (2) | Respond to
The Coffin Brothers featured PFG in their latest "Hard Rock Analyst" Dec. 22, 1997. They first introduced PFG in 1995. In this issue they present it as a "stong silver hedge which needs only market recognition." They call it, "one of the stongest silver exploration stocks of which we are aware." They attribute the weakening of the stock price to the "smaller than hoped for" resouce calulation in July. This was a result of, "the in-fill drilling produced weaker results than the wider spaced grid had, apparently due to a stong upgrading affect caused by cross stuctures which happened to be over weighted in the earlier holes." In calculating the gold equivalant, they note that when the resource calculation was done in July, the gold/silver ratio was about 70. Now it is about 50 which rasies the gold eq. from 1.5 to 2.1 MM oz. This does not include the 38% increase in strike length reported after the resource calculation was done. They mention the high recovery rate of 83% for silver and 88% for gold in preliminary leach tests. h-r-a.com
