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

To: Phil Jones who wrote (7932)12/4/1997 10:26:00 PM
From: Bearcatbob  Read Replies (1) | Respond to of 14627
 
Phil and Dave,

If you take a look at the assay values and calculate the value of the ore on a per ton basis this one does not look good to me. It looks like less than $10 per ton. When gold was $400 per oz an ore grade of .03 oz per ton was worth $12 per ton. I do not think many mines will be built today with an ore grade of less than 0.03. Guys, this one needs help. It has to get huge or richer.

I think there will be no quick return to glory with the current gold price.
dave, IMHO I would look elsewhere. Read the market and I think it agrees. Perhaps the company money will be used to find something else. PFG only owns a fraction of this guy. Sorry, but I don't see the value now.

Your thoughts will be appreciated.

Bob



To: Phil Jones who wrote (7932)12/4/1997 10:26:00 PM
From: rdww  Read Replies (3) | Respond to of 14627
 
pls note that he said SILVER gold mine. This is what Pierina turned out to be as well. A big silver thing w/ some gold.


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