Pacific Rim Mining V.PFG Message Board

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

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To: charred who wrote (12447)	1/13/2000 8:48:00 AM
From: Quickdraw	Read Replies (1) of 14627

charred, I agree with most of your comments. PFG IR will provide most information in a positive light. I agree the NSR is onerous. I believe Barb was trying to demonstrate that although it may be onerous, it was not out of the ordinary. It will definitely take at least $1 to $2 off the share price in the event of a buyout. I'm not sure I understand your comment "30US is the better number. Why, add in the purchase price and the NSR". As I mentioned in a previous post, I had always thought things like NSRs were accounted for in the $30US figure. Message 12406189 It appears from your comment that this is also what you are saying. In the formula I used in Message 12409280 I excluded the NSR but it appears from your comment you are saying the NSR is included and makes the $30US more reasonable than the high-end $90US figure Barb used. Please correct me if I am wrong. If we were to use $90US the formula for a hypothetical 5 million ozs now becomes: $90US * 5,000,000ozs = $450,000,000US (Total ozs) * POG * .03 5,000,000 * $300 * .03 = $45,000,000NSR $450-$25-$45=$380US $380US million/25 million shares= $15.20US per share $15.20US * $1.45 = $22.04CDN per share Could you clarify please. Qd

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