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


To: ando who wrote (8592)2/6/1998 8:38:00 AM
From: David R. Schaller  Read Replies (3) | Respond to of 14627
 
Andy, silver was up $.47 yesterday but PFG remained at $2.00. PFG has come down from $6.00/share in May 97 to $1.00 while silver was going up. I am disinclined to believe the relationship as stated in the PFG press release. In my opinion something else is going on that transcends POS.

The Diablillos resource is now conservatively a billion $ resource. PFG's 30% share is probably worth $15us/share. We dont need a $.50 move in silver to justify a huge move in PFG, just a more reasonable market valuation of a known asset.

All this attention to silver can't hurt but I wouldn't be surprised to see PFG go up even if silver backs off.

Good luck to us all. Dave