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

To: DeplorableIrredeemableRedneck who wrote (14403)11/2/2001 10:06:36 AM
From: Karl Siemens  Read Replies (1) | Respond to of 14627
 
What incentive is there for "Pacific Rim to aggressively pursue new project acquisitions" when they end up selling a find so cheaply? --

From Silver Standard's news release:

"(6) The acquisition cost is US$0.024 per resource ounce of silver-equivalent and equals about US$0.15 per exploration dollar expended by other operators. "



To: DeplorableIrredeemableRedneck who wrote (14403)11/2/2001 10:52:17 AM
From: Phil Jones  Read Replies (1) | Respond to of 14627
 
Looks like PFG has raised enough to pay Catherine's salary for another three years or so. The 90 million ounces of silver has gone for a lark. Bill, your predictions of a $1 or so jump from Diablillos' sale are a 2000% overprediction according to today's share price jump so far! Doesn't reflect too well on ABX either, after the $10M or more they put into Diablillos over the years. Phil


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