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

To: rdww who wrote (7972)	12/8/1997 10:36:00 AM
From: Shirley Owen	Respond to of 14627

Hi rdww, Getting down to the nitty gritty. A good back of the envelope analysis. The nice thing about the deposit though, is that it's still open. How much more tonnage can be added is unknown at this time. I believe they have an additional 700,000 ozs. or so in probable at this stage. The other unknown factor is the price of silver when they start to mine. If, as many people have predicted, the price of silver is on a tear, then it will bode well for the profitability of the mine, and Munk and the horseshoes that he seems to have you know where. All I know is that I sure wouldn't mind having a piece of that one. Only hope that PFG can parallell Arequipa, even though PFG only owns 30% of the deposit, it would be a nice beginning.:-) Cheers Shirley