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Re: None

Tuesday, 08/23/2011 12:03:32 PM

Tuesday, August 23, 2011 12:03:32 PM

Post# of 118202
One thing curious about all this is that I can't ignore the fact that Barrick Gold's Cortez mine is literally down the street. I know people have mentioned this mine already in the past.

What I realize is that there's a remote possibility that if PCFG get's it going at anything near Cortez mines per/ounce rate in terms of operations (it was super-efficient $312/oz operating costs for 2010... mining 1.1 million ozs for 2010.... lol)

PCFG if it really aims to mine 6000 oz gold next year at roughly 300-400k a month, getting them to maybe $800/oz operating costs, it may look very tempting for Barrick guys to just drive over (8 miles/8 minute drive) few equipments to mine the crap out of BRCM as much as permit allows. I realize Barrick is a open pit-mine but doesn't hurt to add a few ounces for cheap? Permitted operation surely beats expansion + waiting for permits for newly acquisitioned land.

But I realize Barrick won't even think about that without a proven NI 43-101 / resolution of current PCFG debt. Hope PCFG gets a new updated one soon. I realize it's a far-fetched wishful thinking, but at least I have the dreams and aspirations unlike some of the guys here ;). GLTA

Also I have a 9hr exam I've not really been studying for tomorrow so wish me luck.

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