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

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To: Bill Jackson who wrote (14330)7/6/2001 11:29:16 PM
From: Claude Cormier  Read Replies (1) of 14627
 
<Claude, Heap leaching has a lot of trade secrecy about it, esp with bacterial aiding, and a silver specialist might see it differently.>

I am sorry to disapoint you...but it is exceptional to obtain very good recoveries when leaching silver predominant mineralization... Many companies have tried bacterial stuff to no avail. There is no miracle formula and I don't believe that there are too many trade secrets here.

If you are not lucky and don't have very specific mineralization, you get 60% recoveries and less...

<As for silver, It will never go much higher than now.>

Then forget Diablillos...it will never become a mine... in fact you will not see anymore silver mines coming on stream...except for Alamo Dorado.

<Remember 2 years ago when I argued it would fall for various reasons and yiou felt it would rise?>

You were right ..it is taken longer for the price to find its bottom. Above ground inventories are larger than many thought. But Althought I don't expect the $50-$100 some are forecasting... I have no doubt that we will see $6-$10 again.

Silver price could even move much higher if investor demand comes back... and it will eventually when the conditions are right.

<Well, the solid state camera has pretty much killed off silver, along with solid state x rays imaging>

The numbers do not support this statement. There is still a supply deficit.

Claude
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