Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Placer Dome, Las Christinas- who owns it? -- Ignore unavailable to you. Want to Upgrade?

To: bill who wrote (60)	3/18/1998 9:22:00 PM
From: Helmut	Read Replies (1) \| Respond to of 68

Bill, Good comment. Assuming the Las Cristnas ends up with PDG, I wonder how much of that has already been factored into the share price. Since I don't recall the price dropping much on news that PDG were halting development of the mine until the dispute cleared the courts, it seems to me that, whatever the outcome, Placer's share price will not be greatly affected. What do you think. Helmut

To: bill who wrote (60)	3/19/1998 3:55:00 AM
From: phil stock	Read Replies (1) \| Respond to of 68

The people that Placer laid off recently included senior engineers responsible for designing the mill and the mining plan for Las Cristinas. I'm in the mining industry myself and I know you don't lay off the people that put together your mining plan if you plan to build the mine in the near future. I suspect that Placer is probably not going to build a mine at Las Cristinas any time soon even if they win the court case. That should not be surprising considering that Placer did the feasibility study on Las Cristinas based on a $375 gold price with a breakeven price at $360. Considering that it will cost $600 million to build a mine at Las Cristinas, Placer will be better off using the money to take over another mining company with better grade gold and developed infrastructure (such as Goldcorp??).