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To: Lucretius who wrote (4925)7/20/2000 11:40:52 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 436258
 
not yet you mean. since they are focusing on bringing the San Cristobal project into production, they will have production soon. plus the potential is huge...they have a very decent portfolio of properties for further exploration.

San Cristobal reserves are over 500m. oz.

then again, PAAS is also in the process of ramping up production....at current prices it may be the better bet, but it has this Dukat story overhanging it. like i said, i don't think it matters anymore, i think it is probably best to prepare for a write-off there.

PAAS was unwilling to provide me with details on what they plan to do about it, as in various alternative strategies to secure Dukat and the costs involved, etc.
it sounded to me like they're going to keep trying over the next few months but have already made their piece with the possibility that it's going to be a total write-off.

otoh, if they somehow secure Dukat it could be an added bonus....