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Gold/Mining/Energy : Porcher Island Gold V-PIG -- Ignore unavailable to you. Want to Upgrade?

To: Jerry Dibble, Sr. who wrote (157)	6/8/1998 12:03:00 PM
From: Bill Shugarue	Read Replies (1) \| Respond to of 170

Jerry, I did some calculations based on information contained in the latest press release. I put a value of approx. $27-million on block #802 and #803. These are the first two blocks to be mined, and it should take place during the first two years. The bottom line for PIG should be approx $7-million ($US). Apprently the mine life, without further exploration, should be approx. 7-8 years. I feel that the market didn't like the fact that it could be approx. 6 months before production starts. That time frame, I understand, could be shortened by several months. As time passes, word will spread about this mine and the profit potential for PIG shareholders.