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Gold/Mining/Energy : Pacific North West Capital Corporation-PFN on Alberta
PFN 7.390+0.3%Nov 18 4:00 PM EST
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To: Just G who wrote (1067)4/13/2000 4:55:00 PM
From: Claude Cormier  Read Replies (2) of 2255
 
Just G.

<<Analysts, geologist, and all in the business know that assays don't lie.>>

I think we agree that the play is serious and show excellent potential. For now they probably have 300-400,000 ounces. They will likely find much more. But will it be 1 millions or 5 millions ounces, only more drill holes will tell.

But lets keep our hear on our shoulders, the holes are very good but they still average to only some 40-45 meters of $40 worth of PGE's metals. Several years ago, nobody would have even mentioned PFN as this grade was worth only $7/t.

These are good results but nothing like the gold and silver intercepts of many silver and gold explorers in Canada, South America or Mexico. Just yesterday, BAY announced a hole of 52.5 meters of $113 worth of silver and gold (and remember these metals are at their lows). A few months ago, they had several of 100-300 meters with rock value of any where between $12 and $40. If the promotion that has taken PFN stock price up had been applied to BAY, the stock would have moved 1000% in a few days.

True silver and gold are not hot like Palladium these days. And that is a very good reason to justify the enthusisam of investors and speculators.

But we have to keep everything in perspective and separate the fundamental value from the promotional premium. In the end, only the fundamental value will last.
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