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

To: James Grahame who wrote (10798)	11/10/1998 12:45:00 PM
From: Ross Mickey	Read Replies (1) \| Respond to of 14627

Morning all. Let me voice another opinion. What if Barrick thought the estimate was to low? One of the themes our new management has promoted is "no hype." The initial resource calculation was a case in point. I would expect this theme to play out in this resource calculation as well. I also wonder about thinking of Barrick as one big happy family with one voice or mind. I think the conventional wisdom is that the head office is leaning more towards letting this property go than to continue drilling. But, what about the field office in Argentina? These folks have invested a lot of time and professional ego into this project. I wonder if they might be trying to keep the project alive. If so, they would need a good resource estimate to help bolster their case with their superiors. These are also the folks who have to approve the new resource calculation. These two points lead me to believe the local Argentina field office of Barrick was not pleased with how low the new resource calculation was and are asking for changes in assumptions which would raise it. Bill, could speak better on what these assumptions may be. The cutoff grade comes to mind in light of the "new" leach tests which were done since the last resource calculation. With a statistical model like this, many avenues are available to "tweak" the results. In any case, I hope this resource calculation is a catalyst for Barrick to make a decision. Best of Luck, Ross