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Barrick Gold Corporation Message Board

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  • chemlem chemlem May 2, 2011 4:27 PM Flag

    Chile cannot enforce its own laws!

    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?

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    • madeoff@rocketmail.com madeoff May 2, 2011 5:22 PM Flag

      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.

 
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