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Gold/Mining/Energy : Pacific Rim Mining V.PFG
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To: russwinter who wrote (13900)10/16/2000 3:10:43 PM
From: Claude Cormier  Read Replies (1) of 14627
 
Bill, Russwinter,

I don't think that Diablillos can fetch a value of C$12 millions ($0.50/share). This would make no sense if you compare to other properties like Dolores and Alamo Dorado in Mexico . I would give it it $0.05-$0.10 per share at the most cause Diabllilos is not economic below $6 or $7 silver. Even at $6, I doubt the IRR would be high enough.

In this horrible market, I would think that PFG is heading for cash value or even below, unless they come up with a few 200-300 meters holes.
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