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Gold/Mining/Energy : Pacific Rim Mining V.PFG
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To: Quickdraw who wrote (12982)4/19/2000 10:56:00 AM
From: Claude Cormier  Read Replies (1) of 14627
 
<<Am I missing something here?>>

Well maybe. Homestake had strong evidence that the resource would inbcrease big time and it did. So they really paid $35-$40 per ounce.

If you consider other takeovers in the last year (San Martin, Sutton..) prices have been in the US$30-$40 range.

$60US per ounce is almost impossible to get in this market. Francisco's El Sauzal is on the block near that price, and it appears to be a very tough sale, despite the fact that these ounces have a cost of onluy US$85/ounce.
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