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Gold/Mining/Energy : Pacific Rim Mining V.PFG
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To: Bill Jackson who wrote (13918)10/19/2000 9:13:00 AM
From: russwinter  Read Replies (1) of 14627
 
The only way Luicho would pencil would be to find at least two million ounces, probably closer to two and a half million to justify the capital costs. Cash costs would likely be OK. The option would also have to be restructured significantly as well, probably to an NSR. I don't see those two outcomes as impossible, but it is certainly problematic and a long shot. Of course the option to NSR restructure would have to be accomplished very soon, before drilling continued. I have no idea about the mentality of the Peruvian property holder, but if he is smart, there are certain realities he will need to face? I doubt if others are waiting in the wings to take over PFG's position.
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