So what is the bottom line? If you are correct about Barrick not owning the mining rights.... what is the potential impact of a decision to abandon Pasca? What percent of Barrick's revenue going forward could be lost in a worst case scenario?
Let's face it, Barrick is a huge company and they have many mines. They will be able to weather this storm, when it finally breaks into mainstream media. The two problems I see Barrick faced with are the following:
1. Their failure to disclose the information to stockholders. 2. The leveraging of Pascua Lama when they actually didn't own it. This would be considered fraud, I think.
From my understanding, boards members, and Munk himself, have been indicted in Chile.