Pacific Rim Mining V.PFG Message Board

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

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To: Bill Jackson who wrote (12418)	12/29/1999 8:06:00 AM
From: Quickdraw	Read Replies (2) of 14627

Bill or charred, Some interesting commentary between you both. The press release speaks about a "sliding scale royalty" dependant on the POG. Are you able to provide a brief explanation on how a sliding scale royalty works. As a basic example, if the property were to have a 5,000,000 oz resource and we used a factor of $30US we would have $150,000,000 ... less the $25,000,000 payment leaving $125,000,000. Where does the sliding scale royalty fit in? I'll touch base with Barb at PFG to get an interpretation on how this relates to the POG and whether it is net or gross. I suspect she is on holidays this week. "If production from Luicho is achieved, a sliding scale royalty of 2.5% to 3.5% (depending on the price of gold) on the first 1 million ounces and 3% on additional ounces over 1 million is payable to the vendor." Qd

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