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

To: Nexus who wrote (12636)	2/13/2000 2:46:00 PM
From: charred	Respond to of 14627

Nexus, you said <<<<<<: "Our work objective is to take as much technical risk out of the prospect as we can as fast as we can" as you said, the sampling takes a lot of risk out here. Taking thousands of samples before drilling is a good way picking good drill targets. The sample site map on the website is excellent. <<<<I'm simplifying it a little but you get the general idea of what I'm getting at>>>> that's what I was trying to do as well. Looking at a low cost producer is fine, at the moment there are too many unknowns. To simply things here, Yanacocha with the same grade, has cash costs of $110US per ounce. Being so close to Cajamarca Most the infrastructure was there before. Mining engineers can live nearby and send their kids too good schools. Also plant expansion was paid by the production at Yanacocha. Piernia is also close to a major urban center called Huarez. In the case of Luicho, there is no infrastructure. Also you must look at the cap ex, this will be more than Piernia which was 260 million. This is just a simple way of looking at things. cheers