Pacific Rim Mining V.PFG Message Board

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

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To: Phil Jones who wrote (13964)	10/23/2000 12:01:11 PM
From: Richnorth	Read Replies (1) of 14627

According to Bill Murphy, the "Priest" Frank Veneroso says that the "equilibrium" valuation of gold should be US$600/oz. In straighforward situations, the way to "guesstimate" the shareprice is (Total # of oz. of gold in ground)x (Gold Price in US$ x 1.5 to convert to CDN$) x (an adjustment factor of 0.2, or a smaller # in not so straightforward cases) Then divide the above result by the total number of shares. (Of course if the cash in the bank and whatever monies that were spent on the property are included in the calculation, the share price will be higher.) In a couple of posts a while back, some folks believe a factor of 0.1 (or even smaller) and not 0.2 should be used in the calculation in the evaluation of a PFG share where only Luicho is considered. (Because Luicho is such a disappointment! and gold will be increasingly considered a commodity from hereon?)

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