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

To: David R. Schaller who wrote (8002)12/9/1997 7:47:00 PM
From: Phil Jones  Respond to of 14627
 
David: If the gold price keeps dropping and Diablillos ends up less than Barrick's minimum requirements, does the placement of the 90+ million ounces of silver at Diablillos make it worthwhile to mine the area primarily as a silver mine with gold as a byproduct? If so, do you think that Barrick might pass Diablillos back to PFG so that it could negotiate with a silver producer?



To: David R. Schaller who wrote (8002)12/9/1997 11:00:00 PM
From: Bill Jackson  Read Replies (2) | Respond to of 14627
 
David; This is true, the loss of the silver with the gold in most mines will impact supply. In addition silver is a pure market play, with no CB involvements. It is also poor mans gold in Asia, and gold has gone up tremendously in Asia, by 50-75% in local currencies, so they buy less gold and more silver.

Bill


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