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Pacific Wildcat is an exploration company that has two main properties in Indonesia. One property, in Sulawesi, has a geological resource of 800,000 ounces of gold and is still open in all directions. The other property is at grass-roots stage but they are planning on doing some groundwork, airborne mags, IP surveys, and geochemistry in preparation for drilling later this year. They are currently drilling on the Sulawesi property with two drill rigs (a short rig to continue the in-fill program and a larger rig to drill to a depth of 250m) to confirm and expand this resource. Currently, they have drilled only 44 holes and only to a depth of 80m. They have identified three more targets on this property so their is a lot of upside potential. The stock trades on the Vancouver stock exchange under the symbol: PAW. There are less than 10 million shares outstanding and two major mining companies EACH own 26% shares (Viceroy and Gwalia). They have over $2 million dollars in the bank and this should be enough to further advance the Sulawesi property and to begin ground work on the other property (Jambi property). I believe that this stock is undervalued considering their assests, the quality of management, and the fact that the stock is tightly held. For more info, call either Carla or Gordon @ 604-688-9780 | ||||||||||||||
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