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


To: Shirley Owen who wrote (11022)1/7/1999 7:55:00 AM
From: David R. Schaller  Read Replies (1) | Respond to of 14627
 
Shirley; as an earlybird like you already knows, Gold & silver are on the move again overnight. Silver up .17 & gold $2.40..dollar weakness? Hopefully that will xlate into an improving share price although it didn't yesterday.

What is your take on Barricks plan for a 4 hole DD twinning program?

If they were more interested in silver, I could think that they want to nail down any disparity between RC/DD silver values. Doubting that to be the case, what are we left with? Barrick can't be planning on spending more money so that PFG will have a better handle on the situation when they pull out next year.

Considering the time frame, property status (as we know it), & Barricks minimum requirements...its hard to see a scenario that makes sense.

My only guess is that Diablillos is marginal (by Barricks reserve estimates) & that a large correction in silver credits could sway their decision.????

Sorry to keep harping on RC/DD but it still sticks in my craw. And to think Barrick twinned 12 holes and didn't assay them meter by meter for comparative purposes...? Maybe even the assays on their bulk samples pointed out the disparity.

Viva 2000, Dave