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

To: Bill Jackson who wrote (13010)	4/22/2000 10:42:00 AM
From: DeplorableIrredeemableRedneck	Read Replies (1) \| Respond to of 14627

Do you think that this group are hunters or miners? my take is that they are hunters...thrill of the chase. Can you really see CMS bogged down in the day-to-day operation of running a mine? Pigs will fly.

To: Bill Jackson who wrote (13010)	4/23/2000 3:46:00 AM
From: skynight	Read Replies (1) \| Respond to of 14627

Bill: Thank you for pointing out the facts and just what could be the results for Pac Rim at Luicho. Obviously none of us know for sure at this time but IMO the pieces are coming together very nicely. This is a prospect selected by David Lowell and I don't think there are many people that have a better record of mine finding than he does. The people with the company are top notch and it is nice to know that they are looking out for our investment. For anyone that took a position when it was first recommended by Haywood at 70 cents they have a very nice profit with the potential for a much greater return. sky

To: Bill Jackson who wrote (13010)	4/23/2000 5:46:00 PM
From: charred	Read Replies (1) \| Respond to of 14627

Hello Bill, I also disagree. Mining at Luicho will be difficult. Look at the photo on Southwestern's website. Where will they put the leach pads? How long will the ore haul be? When you are playing with one gram material (recoverable), you can't haul very far and make money. The Yanacocha mine cash costs are about $120 per ounce. The infrastucture is excellent. Not at Luicho. "If it is all easily fractured and leachable from surface a fairly low cost operation will ensue. with 4.5 grams per cubic meter and 90% recovery we have a value of about $35 per cubic meter. They describe it as intensely fractured? that means it can be ripped and graded and hauled by draglines(low cost dragged buckets) and conveyors, given a minimal crush and size with low energy that should cost less than $12-13 per cubic meter, leaving $22-23 as the yield in profit" what, If you have recovery problems from preg robbers (carbon) the last thing you want to use is equipment that does not allow any selectivity while mining. You end up mixing the leachable and not leachable ores and reducing your gold recovery or as a worst case ruining your heap leach pads. Brewery Creek, in the Yukon, had a problem with carbon preg robbers and it reduced their minable reserves considerably. Sorry Bill, cash costs and cap expenditures will be high here, it's not as rosy as management says. Maybe the majors who also looked the property before PFG saw the same stuff. Any comments? Cheers