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

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To: James Grahame who wrote (10797)11/10/1998 12:57:00 PM
From: Bill Jackson  Read Replies (1) of 14627
 
James. I tend to agree with you. Barrix estimate will hue the corporate line. How does PFG rationalize a large discrepancy. For ABX to be so conservative as to cut the reserve by 50% matters not to them as they have development funds. A small junior must make a reserve calculation based on reality and the third party estimator is de rigeur to avoid the potential for the junior to self serve and bloat the reserves to get bank money.

Bill
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