Pacific Rim Mining V.PFG Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Mark K. who wrote (4532)	5/18/1997 8:14:00 PM
From: E. Charters	of 14627

No ..no.. no.. no ..no 50 million tons is 600 million cubic feet at 12 cubic feet per ton which is the industry average. So that is one mile long or 600 mill/5280= 113636 square feet cross section divided by 700 feet wide equals 162 feet thick.. So that is 50 million tons times 2 ounces per ton or 100 million ounces "plus plus plus.." (John Felderhoff said that so I feel good about it) Now gold is worth $100 per ounce in the ground or ten billion dollars and at 25 million shares out 1that is ten billion/25 million= $400.00 a share..times 30% PfG ownership= $120.00 a share fair price..I think you have to take out what it would cost them to build the mine and mill though I am not sure.. Got it?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next