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

To: Bill Jackson who wrote (14297)	6/27/2001 10:53:42 AM
From: Elizabeth Andrews	Read Replies (2) \| Respond to of 14627

I think the problem with Diablillos is simply a matter of cost per ounce. The "ore" has to be milled to get acceptable recovery and the deposit requires a lot of stripping if it were to produce as an open pit. Thus the odds are the cost per ounce is going to be in the top quartile (expensive) of producers due to probable higher capex than a heap leach operation and higher operating expenses due to crushing and milling. I think everyone is looking at this prospect as inventory right now. The Company claims there is a resource of about 2.1 million ozs of gold equivalent, consisting of 30 million tonnes that grades 3 oz silver and 0.60 g/tn gold. Hard to say what the in situ value is. US$1 per ounce?