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


To: Marshall who wrote (9407)4/3/1998 11:48:00 AM
From: Ross Mickey  Read Replies (2) | Respond to of 14627
 
Good morning, Marshall. The market is stirring a bit. Cannacord bought most of the shares traded yesterday and today we have already traded 25,000 and we are up $0.11. Silver is still whipsawing.

"How long before we can start drilling? At first this property appeared to be more of a stategic property as in access to Diablois but it would appear to be a major drill target according to this release."

The last time I spoke with Tom, he indicated they will only be doing ground pounding until the Barrick situation becomes clearer. They wanted to keep all their powder dry until they have a better idea of where they need to shoot.

A couple of thoughts I have had....
1) Barrick is reasonable....is willing to give us a good deal..they realize our new properties are also needed and they pay a premium for these. Everyone is happy.

2) Barrick wants to play hardball. They dig their feet in the ground. PFG gets the drills rolling on the new property to apply some pressure...The game continues.

In both cases, Barrick has to make a move. I must admit, however, that it has been a month and a half since I spoke with Tom.

Best of Luck,

Ross