Placer Dome, Las Christinas- who owns it? Message Board

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Gold/Mining/Energy : Placer Dome, Las Christinas- who owns it?

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To: bill who wrote (60)	3/19/1998 3:55:00 AM
From: phil stock	Read Replies (1) of 68

The people that Placer laid off recently included senior engineers responsible for designing the mill and the mining plan for Las Cristinas. I'm in the mining industry myself and I know you don't lay off the people that put together your mining plan if you plan to build the mine in the near future. I suspect that Placer is probably not going to build a mine at Las Cristinas any time soon even if they win the court case. That should not be surprising considering that Placer did the feasibility study on Las Cristinas based on a $375 gold price with a breakeven price at $360. Considering that it will cost $600 million to build a mine at Las Cristinas, Placer will be better off using the money to take over another mining company with better grade gold and developed infrastructure (such as Goldcorp??).

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