Pacific Rim Mining V.PFG Message Board

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Gold/Mining/Energy : Pacific Rim Mining V.PFG

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To: Phil Jones who wrote (7932)	12/4/1997 10:26:00 PM
From: Bearcatbob	Read Replies (1) of 14627

Phil and Dave, If you take a look at the assay values and calculate the value of the ore on a per ton basis this one does not look good to me. It looks like less than $10 per ton. When gold was $400 per oz an ore grade of .03 oz per ton was worth $12 per ton. I do not think many mines will be built today with an ore grade of less than 0.03. Guys, this one needs help. It has to get huge or richer. I think there will be no quick return to glory with the current gold price. dave, IMHO I would look elsewhere. Read the market and I think it agrees. Perhaps the company money will be used to find something else. PFG only owns a fraction of this guy. Sorry, but I don't see the value now. Your thoughts will be appreciated. Bob

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