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Gold/Mining/Energy : Pacific Rim Mining V.PFG -- Ignore unavailable to you. Want to Upgrade?

To: Quickdraw who wrote (12422)	12/29/1999 10:08:00 AM
From: Bill Jackson	Read Replies (2) \| Respond to of 14627

QD, I imagine it starts at 2.5% at a low threshold POG and escalates to 3.5% as gold goes to a high point. Thereafter it sits at 3% for production over 1 million ounces? I expect PFG will give you more details when you call. Bill

To: Quickdraw who wrote (12422)	12/29/1999 1:32:00 PM
From: charred	Read Replies (1) \| Respond to of 14627

Sliding scale NSR is fixed to the POG. For example if the price of gold is 350US maybe the NSR is capped at 3.5%. At $250US per ounce the NSR is 2.5%. About the 150,000,000, how would a NSR affect the 150 million. A 3% NSR on 5 million ounces at $300 is worth 50 million. Therefore the NSR and the property payment would cut 150 million in half. We can get into NPV etc, but the scoping study will show this. The stock with 25 million shares is worth $4. This NSR will greatly affect the economics of the project. cheers