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: Phil Jones who wrote (8692)	2/19/1998 9:35:00 AM
From: James Grahame	Read Replies (2) \| Respond to of 14627

Phil, Hi -- I've been lurking in the background for a while. Recently , I asked Samantha Cramer at PFG about the possibility of Barrick selling out of the Diablillos property. Her more-or less verbatim comments follow below, and provide considerable food for thought: --- ...We have discussed these questions at length. There is no way we can predict the market's reaction. In my experience, the market seems to react in a knee jerk manner at first, so we may see a negative reaction to Barrick's decision that the property is not a large enough gold project for them. That said, I think the majority of more sophisticated investors can easily see the value that Diablillos represents proportionally for Pacific Rim as compared to Barrick. [...] I think that in light of the coverage that we have received in the financial community, a small initial dip will be countered by a greater gain. That said, who knows. We may simply rocket if people fully digest the reality immediately. We have also spent a lot of time developing contingency plans [...] as the variables present themselves. We have had interest from other majors, but since no action is being taken at the moment it is a courtesy to leave them unnamed. We also have the expertise to develop the property alone.