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

To: Nexus who wrote (12444)	1/12/2000 4:12:00 PM
From: Quickdraw	Respond to of 14627

Nexus, Confusing to me too! I believe it does have some value, I'm just not sure as to how much. On its own, Diablillos may have already have been determined to be too small for Barrick and the fact it is essentially a silver deposit might normally have lead me to believe they might drop it. But the deposit may in fact be large enough and potentially economically viable for a pure silver company therefore it has value. Let us assume it has a small value, let's say $25 million. PFGs 30% would therefore be $7.5 million. If the Luicho find is a big one, and Barrick were to make an offer, it would be the price of Luicho plus PFGs $7.5 million share of Diablillos or if it were to happen after June 2000 the offer would be Luicho's price plus $11.5 million ($7.5 plus $4). If Barrick were to drop the Diablillos option now and then were to make an offer for the company later, they would have to pay the full $25 million for Diablillos which would be a costly error. Not sure if I am right but it is one scenario. Qd

To: Nexus who wrote (12444)	1/12/2000 6:24:00 PM
From: m jensen	Respond to of 14627

Nexus I believe as it stands Diablillos doesn't fit the typical Barrick deposit.I think they will walk but not until the 11th hour in June. I believe it is economical but at what value, there is room to increase ounces, as well there may be more ounces at Ladera's. 100% of Diablillos back to PFG I think would be looked upon by the market as quite favourable. Hypothetically if Barrick thought Diablillos was a keeper then why not take them out in this depressed market. Why wait for the inevitable increase in POS & POG? The best intermediate shot would be an increase in the POG, POS, too bad the Bre-x of .Com wouldn't surface i'm sure it/s out there >g< It sounds like OPEC will do there part, but I keep forgetting the old way of seeing OIL as inflationary is a thing of the past! I agree if Barrick retains it's interest it would bode well for us too, PFG is in a win win with Diabllilos especially heading into a commodity boom. Canada will be the next hot market imho, we have always lagged the US and our cycle is coming. Have a look at the next Nasdaq! businesscycle.com