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

To: Mr.Staya who wrote (8535)	2/4/1998 10:39:00 AM
From: Don craig	Read Replies (1) \| Respond to of 14627

To all: Whats shaking today folks? We are currently up .40 cents on nearly 150K!!! The bids look awful strong too. Is this a reaction to the price of Silver and Gold (Which is presently rebounding nicely)? Or, is there something else in the works. Good Luck Don

To: Mr.Staya who wrote (8535)	2/4/1998 12:56:00 PM
From: Ross Mickey	Read Replies (1) \| Respond to of 14627

It looks like PFGs marker maker is stepping into the frey. Levesque Beaubien has bought 71400 shares today and sold 26700 shares for a net increase of 44700 shares. First Marathon: Bought 40500, Sold 0. Salman: Bought 98500, Sold 60000 (this was a 60,000 share cross at $1.80. You are right Ric, Levesque Beaubien, First Marathon and Salman have all increase there position in the last two weeks. Below is the calculation Shirley did in Dec. updated with todays values. ========================== Oculto Deposit To Date: SILVER VALUES 91.3 million ozs. according to July 10 release (Cut-off Grade .35) 34.7 million ozs. 38% increase in strike (Dec.4,1997 release) assuming continuity. +++++++++ 125,994,000 Total in situ ounces 104,575,020.00 ozs. Of silver (83% recovery rate.) 31,372,506.00 ozs. silver (PFG's Share 30%) X $7.01 (12:08 Eastern 2/4/98) ++++++++++++++ $219,921,267 U.S. (PFG's 30% Share)(This is a $38,431,320 increase since Dec 12) GOLD VALUES 286,000 ozs. according to July report (Cut-off grade .35) 108,680 ozs. 38% increase in strike and assuming continuity of grades +++++++++ 394,680 Total in situ ounces 347,318 ozs. Of gold (allowing for an 88% recovery rate, Dec.4, 1997 news release) 104,195 ozs. Gold (PFG's 30% Share) X $298 (12:08 Eastern 2/4/98) ++++++++ $ 31,050,110. U.S. (This is a $1,375,374 increase since Dec. 12) Total Value to PFG, assuming today's prices for gold and silver. $219,921,267 U.S. $ 31,050,110 U.S. ++++++++++ $ 250,971,377 U.S. by 25,151,120 F.D. shares = $9.98/share (This is $1.59/share increase since Dec. 12) If Barrick Walks we would get the 104,575,020.00 ozs. of silver and 347,318 ozs. of gold. 104,575,020 oz silver X $7.01 +++++++++++ $733,070,890 347,318 oz gold X $298 +++++++++++++ $103,500,764 $733,070,890 $103,500,764 +++++++++++++ $836,571,654 by 25,151,120 F.D. shares = $33.26/sh This amount would be tempered by what Barrick would be willing to pay for silver in the ground, and with gold markets being what they are, what they would pay for gold in the ground. These figures are, of course, making some assumptions about the continuity and the price of both silver and gold. We also don't know the "fudge" factor of the actual amount of reserves for gold and silver. I just thought I would post this for the sake of discussion. ========================= In either case, PFG is a steal at a buck eighty Best of Luck Ross

To: Mr.Staya who wrote (8535)	2/4/1998 5:46:00 PM
From: Mr.Staya	Read Replies (1) \| Respond to of 14627

Pacific Rim Mining Corp PFG Shares issued 18,271,370 Feb 3 close $1.35 Wed 4 Feb 98 News Release Ms Catherine McLeod-Seltzer reports "We believe that today's increase in the volume and value of Pacific Rim's stock is due to the recent strong upward movement in the price of silver. Pacific Rim is extremely leveraged to the price of silver based on the size and quality of the silver resource at Diablillos in northwestern Argentina. Diablillos is currently being explored under Barrick Gold's supervision." Silver reached a ten year high of $7.05 today when US billionaire Warren Buffett revealed that his company, Berkshire Hathaway had bought 129.7 million ounces of silver over the last six months. This figure represents 20% of the world's annual silver supply. Analysts believe that the move in silver is based on the fundamental principle of supply and demand, and many foresee a continued rise in the price. The Diablillos deposit is an epithermal silver-gold deposit of which over 85% of gross value is derived from its silver content. The most recent independend resource calculation on the Oculto zone of the Diablillos deposit is 91.3 million ounces of silver and 286,000 ounces of gold. Since that resource was calculated, approximately 38% has been added to the strike length of the deposit. The deposit remains open to the northeast and may blossom to the southwest, based on fault patterns and geophysical mapping of the rocks hosting the deposit. Upon completion of the current 7,000m drill program being conducted by Barrick and the bulk metallurgical tests, an updated resource will be prepared. The metallurgical testing program that was designed under Barrick's direction to clarify the potential recovery and processing details of the deposit, is currently underway. There are nine columns tests being conducted on each composite at three different crush sizes, and the metallurgical samples are being used to conduct screen analyses and bottle roll tests using only water to determine the water-soluble silver content. The testwork is being conducted by Lakefield Research in Santiago, Chile. Previous cyanide leach tests (bottle roll tests) had a median recovery of 88% for gold and 83% for silver. These preliminary metallurgical tests indicate exceptionally rapid recovery rates for both the silver and gold, making Diablillos an excellent prospect for standard heap leach operations. Diablillos is the company's most advanced project and is owned by a company in which Pacific Rim owns an indirect 30% interest and Barrick owns an indirect 70% interest. To maintain its interest, Barrick must make a production decision by June 26 2000 or elect to make exploration expenditures of US$4 million per year after that date, until such a production decision is made. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com