Pacific Rim did receive a positive review in a special bulletin that came out late this afternoon in The Canadian Mining Newsletter. The by-line was "Pacific Rim Pulls The Grade".
The reference was to the assay results in relation to the tonnage. In the report they indicated that PFG would seem to be very close to the economic stage, especially if the deposit was amenable to heap leaching.
With the drill results from 11 more holes due out VERY soon, well ...
When I posed the "suitability for leaching" question to him during our conversation, John did say that the ore lacked cyanide reacting metals such as arsenic, and was clearly suitable for leaching.
The compelling factor, to me, was his very strong opinions regarding Barricks intention to open pit mine this property even before they began drilling.
Keep in mind that this is only the first of five known gold bearing zones discovered to date on Diablillos. It is also the one that they knew the most about coming into the drilling program.
Now, if even this impartial, highly knowledgeable mining newsletter strongly suggests that this property will prove to be economic on the first drilling zone alone, what would you calculate the risk:reward ratio to be at the current prices?
Current market prices only reflect current market sentiment. Sentiment is not judgement. Not all judgement is informed. Not all informed judgement is accurate.
Now that you have sowed your seeds, Ross, you might want to just let them take root and develop.
That, at any rate, is my own plan.
Regards,
JED |
