SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Pacific Rim Mining V.PFG
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: David R. Schaller who wrote (10891)12/1/1998 5:32:00 PM
From: Bill Jackson  Read Replies (1) of 14627
 
David, The leach were more or less preliminary ballparkers. A true reserve calculation would have it drilled at closer spacings and would have assessed the variations of structure and chemistry from place to place and each chemotype would need to be assessed by it's own series of leach tests. It is rare for the whole deposit to be identical. This would lead to a bankable resource calculation. Of course Barrick does not need that as it has financing available, but an unfledged junior would need to be able to show the bank it has economic gold/silver to borrow the $.
Barrick does not need to give away information that can be used against it in negotiations to determine values. It is obvious that there will be no hostile takeover as CMS has sharelock on PFG.(a gigh enough price would loosen that up though?). So there needs to be a shared mine or a buy out. PFG will need to do it's own twinned holes at a few places just to verify barricks data, and they will be DD holes as some leach tests will need to be done also. I can see $250,000 being spent by PFG in due diligence in preparation to sell the 30% of PFG to Barrick.
Now Fantasma could affect this enormously if it has gold values. It does at least have some land values and so enhances PFG as a pad and staging site in any event, but not critically so, as other cheap land abuts and if price too high there in enough land on diablillos and the construction will be only a few % more money.

So CMS should start the horses of Fantasma this Argentine summer(it is now spring there,)
....right now is the time to start.

Bill
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News