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: Cal Ollerhead who wrote (13873)	10/13/2000 10:22:35 AM
From: russwinter	Read Replies (1) of 14627

Yes, I have looked at NDE. They have what is an effect an option as well. If they found 2 million oz it would be US10 million. But, the option would be open ended if they found a large deposit. I wonder if these Peruvian deals (options)are getting a bit too rich for the explorers, especially given the experience of Luicho? From release: The company can earn its interest by paying (all US$) $1.15million, with $200,000 payable on signing; and conducting $2.25 million in exploration over four years, completing a feasibility study, and purchasing economically recoverable ounces of gold as defined by the study. The Company will initially earn a 50% interest by completing the above payments and work expenditure, and purchasing 30% of the defined gold ounces at $10.00/ounce. It can increase its interest to 80% by arranging financing for the project and by purchasing an additional 25% of the defined gold ounces at $8.00/ounce based on a $300 gold price, payable out of cash flow from any mining operation. NDT will receive preferential payback until all capital costs have been repaid, with Minera Solimana then receiving 20% of cash flow.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next