SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Pacific Rim Mining V.PFG
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Nexus who wrote (12444)1/12/2000 4:12:00 PM
From: Quickdraw   of 14627
 
Nexus,

Confusing to me too! I believe it does have some value, I'm just not sure as to how much.

On its own, Diablillos may have already have been determined to be too small for Barrick and the fact it is essentially a silver deposit might normally have lead me to believe they might drop it. But the deposit may in fact be large enough and potentially economically viable for a pure silver company therefore it has value.

Let us assume it has a small value, let's say $25 million. PFGs 30% would therefore be $7.5 million.

If the Luicho find is a big one, and Barrick were to make an offer, it would be the price of Luicho plus PFGs $7.5 million share of Diablillos or if it were to happen after June 2000 the offer would be Luicho's price plus $11.5 million ($7.5 plus $4).

If Barrick were to drop the Diablillos option now and then were to make an offer for the company later, they would have to pay the full $25 million for Diablillos which would be a costly error.

Not sure if I am right but it is one scenario.

Qd
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News