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

To: Quinn who wrote (11094)	1/19/1999 11:10:00 AM
From: m jensen	Read Replies (1) \| Respond to of 14627

Quinn no sitting around on this one looks like they could spend about 1.5 - 2 million this year and 3-5 next if it looks viable in order to prove up a deposit worthy of 25 mill. One could hope the brunt of the current $1.52 warrants will go dormant for a more favourable financing down the road. One would think they saw something more than a few surface samples given you can buy ounces in the ground so cheap in this present market. Like most of those country's in South America the word exploration means you find a nice showing on surface and start digging, time is of the essence here. I wonder if they will still go ahead with a few holes in the San Francisco property as sort of a sidebar to the Cofradia? Mike

To: Quinn who wrote (11094)	1/19/1999 1:48:00 PM
From: charred	Read Replies (2) \| Respond to of 14627

This is not a great deal as you say it is. Actually the company may have blew it already if a million ounce orebody is found. With all that cash the Peruvian owners still retained a 4%NSR. It is not a good deal. The deal is over 50 million CDN including royalty etc. In addition only 18 months to do it. After that being said, there is room to make money here on the promotion side. If a 3 million ounce orebody is found, I see the stock at $4. A 3 million ounce orebody is a rare thing. This will be the most interesting play of the year.