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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 (8800)	2/25/1998 8:58:00 AM
From: Enigma	Read Replies (2) \| Respond to of 14627

I think you are right, and thanks for updating me. A question first - is PFG 'carried' in this deal for it's 30% through, and after production? In other words does it have to put up another cent? Barick has to make its move sooner rather than later. If it waits until 2000 and decides to walk it has to sell the deal to PFG for $10,000 which is no deal for them at all after all they have spent (I think you have been saying this) So it seems they have to decide to go into production (and they may decide to buy out PFG), or sell their interest for what they can get in the relatively near future., certainly well before 2000. PFG have effectively a right of first refusal on this -see the Discussion Forum reply of Tom Shrake. Whoever makes the ultimate production decision i.e ABX or a new party, or PFG, can finance at least part of the cost by forward sales of the silver. I think people should stop referring to this as a gold deposit, unless Barrick know by now that there is substantially more gold there. As matters stand this is a silver deposit with gold add-ons!