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

To: Don craig who wrote (8010)	12/10/1997 3:09:00 AM
From: Phil Jones	Respond to of 14627

Thanks, Don and Antar. I don't know if it will help the price immediately, but a move to the TSE can only be a positive.

To: Don craig who wrote (8010)	12/10/1997 7:10:00 AM
From: David R. Schaller	Read Replies (1) \| Respond to of 14627

Don, I think Shrake stated that Diablillos is an 85% silver play. (It didn't compute for me at the time.) Supposedly we had 400,000 gold & 1,100,000 eq silver. (70%) I believe that at the time of the last kreiging gold was at $300/oz & silver at $5/oz thus a factor of 60. This implies 66,000,000 oz silver. Several adjustment are in order. 1) the strike length has increased 38%-at least 2)RC drilling has understated the silver content by as much as a factor of three. Maybe thats why Shrake has adjusted the silver content of the play up 15%. Who knows? In my misguided opinion I figure we're at 100,000,000oz minimum. Do any of you mining types know if Shrakes comment about the water soluble silver and quick recovery may bear on the poorer recovery of silver at the RC holes? Re: TSE listing. I doubt it is going to make much difference in the short term. It could be; however, that this is only part of a complex mosaic that will result in substantial news being released into a new venue. Could get interesting, Dave