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 7.570

+0.1%

Nov 12 4:00 PM EST

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To: koan who wrote (1363)	4/30/2000 5:03:00 PM
From: Claude Cormier	Read Replies (1) of 2255

<<And people don't use it as a flight to quality like they used to>> I disagree. Demand exceed mine production by far and not all is going into jewellry. <<at say 2 grams per ton, open pit what do you think it will cost to produce? I think Claude guesssed $300 to $350 per oz.>> Never said that. The cost may be much lower. I said that if PD prices go below $300-$350, deposits of 2g/t must have very good specifics to reach production. << Some have guessed in excess of 100,000,000 tons ultimately>> Way too early to predict these kind of numbers. They don't have 10M tons has yet. And even if they reach 100M tons, it will depend on the specifics like ore continuity, strip ratios, recovery rates and the like. That looks like a pretty good profit to me. Right now some have guessed at least 10 million tons. <<Many say the price of PGM's will drop dramatically, specifically what would cause this drop?>> It is not so much the price of Pt that is at risk. But the price of Pd. A few years ago, many industrial uses switch from Pt to Pd because Pd was sellint at $100/ounces while Pt sold for $400/ounce. They could switch back again. Keep in mind that less than two years ago, Pd was below $300/ounce. I doubt it will get back to $100, but $250-$300 is not out of the question.

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