Pacific North West Capital Corporation-PFN on Alberta Message Board

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Gold/Mining/Energy : Pacific North West Capital Corporation-PFN on Alberta

PFN 7.420

-1.2%

Jan 5 4:00 PM EST

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To: E. Charters who wrote (2189)	11/3/2003 6:32:45 PM
From: E. Charters	Read Replies (1) of 2255

I dunno. It is feasibility study material. Dasler has addressed it. I talked to Sheridan about it and he doubted it, saying he thought they needed 40 dollar CDN rock, which they would only get at 1.60 CDN dollars to the US and 700/210 pt-pd. They had that at one point but we cannot sustain it unless the Canuck buck is brought in line with the US flimsy. It is true that NA palladium is mining slightly lower grade, but their pit bottom is one heading i.e. wider, albeit deeper. Dasler pointed out their costs are about $12.50 but that does not include debt. It does look initially doable if you establish a number of headings, i.e. pits at about 35 to 50K per day. Will this be the same cost? I don't think so as it is implies more drills, and more roads and trucks and shovels. This sounds like more expensive mining. Still it might be doable, as the rock comes right to surface, and 200 feet wide is not exaclty skinny as they it has been called. It is good enough. Nearer surface minerals are cheaper all in all. there are tradeoffs. EC<:-}

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