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

To: Bill Jackson who wrote (8782)	2/24/1998 1:20:00 PM
From: Richnorth	Read Replies (1) \| Respond to of 14627

Yamana Resources (YRI.T) recently has secured the rights to proceed with its plans for several promising targets in Kalimantan. Because Barrick is Yamana's business partner and Yamana has recently found vast amounts of silver on their Van Guardia property in Argentina and what promises to be lots more on their Kalimantan properties, and there is plenty of silver in the former Arequipa property, could it be possible that Barrick is now not that gung-ho on PFG? Even though Peter Munk recently realised that having lots of silver is something to be proud of!

To: Bill Jackson who wrote (8782)	2/24/1998 1:22:00 PM
From: Phil Jones	Read Replies (2) \| Respond to of 14627

Did others read Samantha Cramer's letter in Report on Business in today's Globe & Mail? Samantha is a public relations person at PFG. I'm not able to post a copy of her letter, but basically she said that PFG had received a lot of phonecalls recently on whether Barrick was leaving. She had no information on Barrick's intentions, but did say that if Barrick left, PFG's shareholders would be even better off. She also quoted an analyst who considered PFG a buy. She stated that PFG had 91 million ounces of silver and about 300,000 ounces of gold and that results of drilling over the last six months could raise those figures by 30% to 40%. I can't remember what else was in her letter -- which wasn't just a few lines. I couldn't help but wonder if she wasn't trying to comfort PFG shareholders in case Barrick does pull out.