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

To: Quickdraw who wrote (8207)	12/19/1997 10:43:00 PM
From: Feline	Read Replies (3) \| Respond to of 14627

You are missing the point. A 0.35 g/t Au cutoff is not realistic at this time. There are many open pit heap leach mines operating that have cash costs between US$6 and $9 per tonne, mined, crushed, staked, leached and precipitated. It doesn't matter whether it's gold or silver. This implies a mineable grade of between 0.6 g/t and 0.9 g/t to breakeven. In silver terms this is 30 to 45 g/t cutoff to breakeven. The resource calculation using a 15 g/tn cutoff is bogus. Somebody should ask PFG what the mineable resource is at current metal prices. I actually like spam and tuna.