Is the price per share of this stock going to be worth more than the actual amount of gold in the ground if it hits .01 or .001 ?
I personally have $950.00 in this = 9,500,000 shares. A couple of people on here have $3000.00 in this, $200.00 in this, etc. Now if you were to add up, collectively, all of the shares that members of this forum have of PAIM ... AND speculatively add in the number of shares that readers (not posters) in *just this forum ALONE* own of PAIM ...
That's some serious money invested. Now, if PAIM hits big, which is might, then will PAIM's shareholders have more money in PAIM's stock than what is in the gold reserve to begin with ?
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E. Pearl Asian Founder/Chairman A true visionary. Pearl Asian is the leading force behind Pearl Asian Mining Industries, Inc. Her ambition and drive is helping to realize the potential of valuable mining properties that have been under-developed and under-utilized for decades. She is focused on providing a profitable return for investors, coupled with her humanitarian mission, to assist in providing sustainable jobs, the gift of education for the under-privileged children, healthcare benefits for the people and environmental protections of the communities. It is also her vision to make Pearl Asian Mining Industries, Inc. as the “Model” for all mining companies in the Philippines; as the “Pioneer” to make use and leverage the involvement of the communities, the local and international NGO’s (Non-Governmental Organization), to participate in the development of the Philippines Mining Industries and to become as the One "A-Team" to help sustain the economic stability, community involvements and environmental protections of the Republic of the Philippines. In 2003, Pearl has taken a "mom and pop" mining operation in the Philippines to a fast growing multi-national gold mining company.
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posted
These PAMI guys must be the greatest in the world at the acquisition of mines. It sounds tremendously good. I have trouble wondering why such resources could be left dormant for so long. And so much, if you catch my drift. I wonder if they have any spares, i'll go open one too. I'm not bashing, but think about it, how people are and have been aggressive in finding gold claims. People have been killed for much smaller things. It looks like this is about to become one rich company, according to the info on the website.
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quote:Originally posted by DIGDOUGH: These PAMI guys must be the greatest in the world at the acquisition of mines. It sounds tremendously good. I have trouble wondering why such resources could be left dormant for so long. And so much, if you catch my drift. I wonder if they have any spares, i'll go open one too. I'm not bashing, but think about it, how people are and have been aggressive in finding gold claims. People have been killed for much smaller things. It looks like this is about to become one rich company, according to the info on the website.
Have you been to the philippines? I have, for 6 months. The country is extremely underdevloped. Its really bad. The worst provinces in the country are compared to the worst areas in Africa.
The mines haven't been active because a lot of the people there dont realize the value of them. The disparity in the country between the rich and the poor is huge. The wealth is sitting in the hands of a very few. If they dont want to mine...how can they raise the money to get the equipment to mine it?? These sorts of projects requires investment backers to pay for all this stuff. They also were put under a mandate of the government to NOT mine them. GMA gets elected in 2004 and reopens the mining industry in the country where you now see paim acquiring old abandoned mines in the country.
Do you DD before you start to judge.
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion*
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posted
those *** are "stock information systems" with no spaces, stupid blocker...
Overview
Pearl Asian Mining Industries Inc. (PAIM) / Philippines Gold Mining Corporation (PGMC) owns
1. PAIM owns 100% of the 12 gold mining claims located in the Vancouver Island of British Columbia, Canada;
2. A free and clear 21+ acres of Hawaiian Lots located in the Hawaiian Ranchos Estate Subdivision located of the Big Island of Hawaii.
3. 500,000,000 Common Shares of Mellon Research, Inc. (MLON Stocks) booked value of $5,000.00.
4. PGMC owns up to a maximum of 20% of the Net-Equity Revenue Shares Interest of the Pearl Asian Mining Industries, Inc. -Philippines.
5. PAIM owns 100% of the Mining OPERATING Agreement (MOA) with the Pearl Asian Mining Industries- Philippines, commonly know as *Pearl Asian" is the local tenement holder of the Mineral Claim in Masbate Island, Philippines.
Pearl Asian is a Philippine Corporation duly registered in the Securities & Exchange Commission which has 100% interest ownership of the Mineral Production Sharing Agreement (MPSA) located in the Municipality of Baleno, Island of Masbate, Philippines. MPSA is the equivalent to the Gold Mining Claims Rights of the US & Canada.
Pearl Asian / Philippines Gold (PGMC) are committed to work and partner with the Philippines Government to acquire abandoned mines with known and proven gold reserves, untapped for centuries.
Furthermore, Pearl Asian / Philippines Gold will be involved in providing products and services targeting the small scale miners in order to create orderly and sustainable job opportunities; extract and produce gold, silver & other mineral products; which promotes the growth of this newly-born mining revival industry of the Philippines. This small-scale mining is a community livelihood economic base that covers 1% of the total Philippines gold mines and a substantial amount of gold production output. This mineral wealth has been stagnant and un-tapped for over a decade.
Executive Summary-Pearl Asian Mining (PAMI/PGMC)
The XYZ Mineral Deposit which is located in Barangay Cancahorao, Municipality of Baleno, Province of Masbate, Masbate Island, Philippines is considered a widely mineralized area and identified as a major deposit of gold and silver and reasonable copper. It has been explored by several known mining and geological institutions such as the Atlas Consolidated Mining Development Co. (ACMDC), a local mining company that operates the Masbate Gold Operations in Aroroy, Masbate during the 80’s and 90’s whose mining site is further north of the claim area and by the RP-JICA, a joint Philippine-Japan Geological Institution which indicated the area to be highly altered and well mineralized and presence of precious metals such as gold, silver, copper including titanium is noticeably abound. The area was known to have been mined by “coyote” or rough method during the pre-war time as evidenced by a number of working tunnels uncovered in the area and past historical data gathered from local residents.
Pearl Asian Mining Industries, Inc (PAMI) a wholly owned Filipino mining company became interested of the mining area in year 2004 and filed a Mineral Production Sharing Agreement (MPSA) application covering an area of 72 hectares on the XYZ Mineral Deposit whose application is now nearing approval by the Department of Environment and Natural Resources-Mines and Geosciences Bureau (DENR-MGB). A Small Scale Mining Permit issued by the Provincial government covering 20 hectares inside the 72 hectares application was granted for the purpose of assuring the hold of the company, to initially start geological investigation and to be able to start a modest operation until such time that the MPSA is granted. Two Exploration Permit applications (EPA) at the north-northeast of the same mineral area were also applied thus increasing the tenement portfolio of the company at 2,000 hectares. PAMI conducted two field geological investigations over the 20 hectares area of the MPSA application and a total of 123 samples at surface and outcrops were collected. During the conduct of the exploration, 4 tunnels were found which were partly inspected while 5 old trenches were also uncovered. From the surface and outcrop samples collected a grade up to 94 grams gold per ton of ore and up to 608 grams silver per ton of ore were analyzed. These interesting results have encouraged the company to the point that a second exploration program was made. Two more tunnels and six more old trenches were found. These geological activities include only a semi-detailed geologic mapping, topographic mapping, trenching and channel sampling and plan has been programmed to rehabilitate and explore the uncovered tunnels whose entrance is difficult to access due to collapsed portals. A more detailed Geological Report can be made available for reference. From these geological findings, a resource/reserve estimate was calculated and finally a more realistic data was obtained using polygon approach and with several considerations taken hence defining the estimate on the basis of three (3) categories, measured, indicated and inferred.
The resource estimate was further refined and a mineable reserve was produced using geologic reserve interpellation. The first mining plan that was envisaged was the inception of a small-scale operation between 50 to 100 tpd of gold ore using a conventional cyanidation process from a mineable resource of 327,000 tonnes (measured + indicated resource) grading at 6.34 gpt Au and 37.24 gpt Ag. Mining method applicable would be a combination of selective open cast/trenching method and sub-level caving method. This gave a Capital requirement of $1.4 million dollars using second hand equipments. This project is quite robust, economically viable and showed interesting return of investment with a Net Income before tax of $2.15 million after the three years of operations. The Philosophy of the company is to commence mining whatever viable reserve is available and continue with exploration which would be financed internally to increase the resource since the potential of the area is overwhelming.
The project can be implemented over a 5 months period of construction and development upon firm availability of Capital.
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion*
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posted
Please save yourselves from this unraveling mess. At only .0001 this stock will never run. MM's and others will keep it down. Do your own DD but diluted shares to many to count and people trying to pump it just to get the price up. Look at RSHN they are trying to bash it Super Sniper for one. He wants to get people into this stock, don't believe me check through the posts. He is a pumper and dumper. Better beware and do your DD on this one folks. 7 of 9 in the same boat look through RSHN and see their bashing posts there. They talk like they're your friends but they are pumpers and dumpers.
posted
pump and dump? I'm doing DD, trying to figure out whats going on with PAIM and RSHN. Showmethemoney im glad you came to this thread to bash me and 7 of 9 because we just want to know the facts before investing.
Please grow up.
As far as dilution...it might not be as bad as we think. If the O/S is 30 billion, I doubt that is the amount floating around to buy. PGMC alone owns 20% of the shares of PAIM. That is 30 billion - 6 billion...now we are only at 24 billion shares. Assuming PAIM is probably going to own shares themselves, probably somewhere between 50-70% that would leave us with between 12 and 16.8billion shares floating around.
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion*
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Press Release Source: Pearl Asian Mining Industries, Inc.
Pearl Asian Mining Industries ''Operation Gold Finger'' April, 2005 Reports: XYZ Gold Project Showed an Estimated Ore Reserve of over 2.4 Million Metric Tons of Gold & Silver Tuesday March 7, 6:00 am ET US $60,285 Per Day X 360 Days Per Year Operation = $21,702,600.00 Estimated Annual Gross Revenue
PASIG CITY, Philippines--(BUSINESS WIRE)--March 7, 2006--Pearl Asian Mining Industries, Inc. (OTC:PAIM - News) reports: The XYZ Gold Project (Town of Baleno) is located in Barangay Concahorao, Baleno, Province of Masbate. The area is app. 25 miles southeast of the known Masbate Gold Operations of the former Atlas Consolidated Mining and Development Corporation in Aroroy, Masbate Island. The Masbate Island is approximately 2,530 square miles and is populated by Small Scale Miners in every part of its territory with a total production of 6 to 8 kilos (estimated 257.21 ounces) of gold per day equivalent * $500 / ounce = $128,605.00 USD daily. ADVERTISEMENT
This is a Pre-World War II Gold Mining Area with numerous gold vein tunnels that assay shows average of 15 grams to a high of 90.37 grams per ton of gold and 533.6 grams per ton of silver, plus other minerals like molybdenum and zinc. The initial exploration showed an estimated 1.5 million metric tons of gold & silver reserves. The Baleno XYZ Gold Project workings indicate a good potential of the area, thus continuous exploration was made by private mining companies during the 1970's and the 1980's including the RP-JICA Project in 1988.
Pearl Asian Mining hired Mayon Geotech and Geo-Environmental Services which have conducted a geological survey of the area last December, 2004, and semi-detailed to detailed exploration survey last April, 2005. The semi-detailed to detailed exploration survey works included rehabilitation of old tunnels, rehabilitation of old and new trenches. Series of quartz veins from 100 mm up to 2,500mm were prominent in the area. The April, 2005 Geological & Exploration Report performed by the MGGS for Pearl Asian Mining showed an estimated ore reserve of over 2.4 million metric tons of gold & silver.
Processing at an average of 15 grams per ton of gold ore to produce an estimated 3,750 grams of gold = est. 120.57 ounces per day * $500 / ounce is estimated equal to $60,285.00 per day in production.
US $60,285 per day X 360 days per year operation = $21,702,600.00 estimated annual gross revenue.
Further exploration and rehabilitation of the existing tunnels are already planned and continuously ongoing this year 2006. Investors should not be concerned of any immediate reverse split for six (6) months or after one (1) year update. The Philippine Government had released and lifted up the emergency government alert. Mining in the Philippines has an ideal legal atmosphere, is conducive for most mining explorations and productions. The Philippine Mining Law is one of the best as it protects not only its people but also its environment.
Forward Statements
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding the Company's projections regarding gold production in future periods. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties such as: risks relating to estimates of reserves, mineral deposits and production costs; mining and development risks; the risk of commodity price fluctuations; political and regulatory risks; risks of obtaining required operating permits and other risks and uncertainties. Penny Stocks are very highly speculative and may be unsuitable for all but very aggressive investors. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Contact: Pearl Asian Mining Industries, Inc. Richard C. Miller, 770-336-5824 (FAX) 877-317-4430 IR*PearlAsianMining.com www. PearlAsianMining.com or Philippines: +63-2-490. 0140
-------------------------------------------------------------------------------- Source: Pearl Asian Mining Industries, Inc.
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion*
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posted
PASIG CITY, Philippines, Mar 07, 2006 (BUSINESS WIRE) -- Pearl Asian Mining Industries, Inc. (PAIM) reports: The XYZ Gold Project (Town of Baleno) is located in Barangay Concahorao, Baleno, Province of Masbate. The area is app. 25 miles southeast of the known Masbate Gold Operations of the former Atlas Consolidated Mining and Development Corporation in Aroroy, Masbate Island. The Masbate Island is approximately 2,530 square miles and is populated by Small Scale Miners in every part of its territory with a total production of 6 to 8 kilos (estimated 257.21 ounces) of gold per day equivalent * $500 / ounce = $128,605.00 USD daily.
This is a Pre-World War II Gold Mining Area with numerous gold vein tunnels that assay shows average of 15 grams to a high of 90.37 grams per ton of gold and 533.6 grams per ton of silver, plus other minerals like molybdenum and zinc. The initial exploration showed an estimated 1.5 million metric tons of gold & silver reserves. The Baleno XYZ Gold Project workings indicate a good potential of the area, thus continuous exploration was made by private mining companies during the 1970's and the 1980's including the RP-JICA Project in 1988.
Pearl Asian Mining hired Mayon Geotech and Geo-Environmental Services which have conducted a geological survey of the area last December, 2004, and semi-detailed to detailed exploration survey last April, 2005. The semi-detailed to detailed exploration survey works included rehabilitation of old tunnels, rehabilitation of old and new trenches. Series of quartz veins from 100 mm up to 2,500mm were prominent in the area. The April, 2005 Geological & Exploration Report performed by the MGGS for Pearl Asian Mining showed an estimated ore reserve of over 2.4 million metric tons of gold & silver.
Processing at an average of 15 grams per ton of gold ore to produce an estimated 3,750 grams of gold = est. 120.57 ounces per day * $500 / ounce is estimated equal to $60,285.00 per day in production.
US $60,285 per day X 360 days per year operation = $21,702,600.00 estimated annual gross revenue.
Viability: The XYZ Gold property indicates potential viability, using above data and applying a 0.5 safety factor for the concerned assay. Using conservative figures for Pearl Asian's profit and loss projection, the XYZ Gold Project showed positive net income after taxes on the second year of operation utilizing the following assumptions: (A) Milling rate * 50,000 metric tons per year small scale production; (B) Metal price of gold * US$460/ounce (US$561.60/ounce as of this writing); (C) Silver price * US$7/ounce; (D) Capital cost needed * US$3.0 million; (E) Conservative operating cost (subject to further modifications once available information is completed).
Further exploration and rehabilitation of the existing tunnels are already planned and continuously ongoing this year 2006. Investors should not be concerned of any immediate reverse split for six (6) months or after one (1) year update. The Philippine Government had released and lifted up the emergency government alert. Mining in the Philippines has an ideal legal atmosphere, is conducive for most mining explorations and productions. The Philippine Mining Law is one of the best as it protects not only its people but also its environment.
-------------------- It's Dr. Evil, I didn't spend six years in Evil Medical School to be called "Mr", thank you very much.
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quote:Originally posted by SuperSniper00: ~~!!********* NEW PR *********!!~~
Press Release Source: Pearl Asian Mining Industries, Inc.
Pearl Asian Mining Industries ''Operation Gold Finger'' April, 2005 Reports: XYZ Gold Project Showed an Estimated Ore Reserve of over 2.4 Million Metric Tons of Gold & Silver Tuesday March 7, 6:00 am ET US $60,285 Per Day X 360 Days Per Year Operation = $21,702,600.00 Estimated Annual Gross Revenue
PASIG CITY, Philippines--(BUSINESS WIRE)--March 7, 2006--Pearl Asian Mining Industries, Inc. (OTC:PAIM - News) reports: The XYZ Gold Project (Town of Baleno) is located in Barangay Concahorao, Baleno, Province of Masbate. The area is app. 25 miles southeast of the known Masbate Gold Operations of the former Atlas Consolidated Mining and Development Corporation in Aroroy, Masbate Island. The Masbate Island is approximately 2,530 square miles and is populated by Small Scale Miners in every part of its territory with a total production of 6 to 8 kilos (estimated 257.21 ounces) of gold per day equivalent * $500 / ounce = $128,605.00 USD daily. ADVERTISEMENT
This is a Pre-World War II Gold Mining Area with numerous gold vein tunnels that assay shows average of 15 grams to a high of 90.37 grams per ton of gold and 533.6 grams per ton of silver, plus other minerals like molybdenum and zinc. The initial exploration showed an estimated 1.5 million metric tons of gold & silver reserves. The Baleno XYZ Gold Project workings indicate a good potential of the area, thus continuous exploration was made by private mining companies during the 1970's and the 1980's including the RP-JICA Project in 1988.
Pearl Asian Mining hired Mayon Geotech and Geo-Environmental Services which have conducted a geological survey of the area last December, 2004, and semi-detailed to detailed exploration survey last April, 2005. The semi-detailed to detailed exploration survey works included rehabilitation of old tunnels, rehabilitation of old and new trenches. Series of quartz veins from 100 mm up to 2,500mm were prominent in the area. The April, 2005 Geological & Exploration Report performed by the MGGS for Pearl Asian Mining showed an estimated ore reserve of over 2.4 million metric tons of gold & silver.
Processing at an average of 15 grams per ton of gold ore to produce an estimated 3,750 grams of gold = est. 120.57 ounces per day * $500 / ounce is estimated equal to $60,285.00 per day in production.
US $60,285 per day X 360 days per year operation = $21,702,600.00 estimated annual gross revenue.
Further exploration and rehabilitation of the existing tunnels are already planned and continuously ongoing this year 2006. Investors should not be concerned of any immediate reverse split for six (6) months or after one (1) year update. The Philippine Government had released and lifted up the emergency government alert. Mining in the Philippines has an ideal legal atmosphere, is conducive for most mining explorations and productions. The Philippine Mining Law is one of the best as it protects not only its people but also its environment.
Forward Statements
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding the Company's projections regarding gold production in future periods. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties such as: risks relating to estimates of reserves, mineral deposits and production costs; mining and development risks; the risk of commodity price fluctuations; political and regulatory risks; risks of obtaining required operating permits and other risks and uncertainties. Penny Stocks are very highly speculative and may be unsuitable for all but very aggressive investors. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Contact: Pearl Asian Mining Industries, Inc. Richard C. Miller, 770-336-5824 (FAX) 877-317-4430 IR*PearlAsianMining.com www. PearlAsianMining.com or Philippines: +63-2-490. 0140
-------------------------------------------------------------------------------- Source: Pearl Asian Mining Industries, Inc.
posted
OK thanks, you confirmed what I said in part. I hope they have the gold too. But like you said the rich are the ones digging it out. And its very amazing that anybody government or otherwise would decide to leave millions of tons of gold in the ground, when they're hurting for money. Get a loan buy equipment. Get locals as human sacrifice for dangerous work and oila, a gold conglomerate unsurpassed in the annals of mining industry. As greedy as Marcos was, you would think he would have reopened the mines.
quote:Originally posted by SuperSniper00:
quote:Originally posted by DIGDOUGH: These PAMI guys must be the greatest in the world at the acquisition of mines. It sounds tremendously good. I have trouble wondering why such resources could be left dormant for so long. And so much, if you catch my drift. I wonder if they have any spares, i'll go open one too. I'm not bashing, but think about it, how people are and have been aggressive in finding gold claims. People have been killed for much smaller things. It looks like this is about to become one rich company, according to the info on the website.
Have you been to the philippines? I have, for 6 months. The country is extremely underdevloped. Its really bad. The worst provinces in the country are compared to the worst areas in Africa.
The mines haven't been active because a lot of the people there dont realize the value of them. The disparity in the country between the rich and the poor is huge. The wealth is sitting in the hands of a very few. If they dont want to mine...how can they raise the money to get the equipment to mine it?? These sorts of projects requires investment backers to pay for all this stuff. They also were put under a mandate of the government to NOT mine them. GMA gets elected in 2004 and reopens the mining industry in the country where you now see paim acquiring old abandoned mines in the country.
posted
PAIM filed a 15c2-11 information statement.
Public float is only 5 billion with O/S of 30 billion. Preferred shares will be 30 trillion but will be hard to trade I assume, which will limit any dilution of the companies worth.
-------------------- Take one step forward, no more, no less and next will be revealed... 'A Rich Man's Secret' - http://tinyurl.com/8xwcf
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posted
So is PAIM kind of like a waiting game? Just get it while its so cheap and have patience, it should be huge end of the year and next year. Is this correct?
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quote:Originally posted by dkinvest: "Just get it while its so cheap..."
I was gonna wait for a pull-back.
LOL
You "cain't" beat the low price of $0.0001. Each share of this company cost way less than ANY and ALL items at your local corner 99 cents store that is located down the block from your home.
-------------------- "NEVER UNDERESTIMATE THE POWER OF THE U.S./CHINA CONNECTION"
posted
Is that true? Can anyone post Level 2? I assume there's a line about 100 miles long to sell at .0002 though that will take a while to break through unfortunately, since so many people bought at .0001
quote:Originally posted by TroyAnalysis: only 1 left now at .0001 (ask)
posted
U just never know whick penny stock will move and when. But i like PAIM .0001 mainly because it has not gone done at all past couple of days. I guess they are all buys : )
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