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 7.445

+0.1%

Nov 26 4:00 PM EST

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To: hank2010 who wrote (1662)	5/29/2000 1:20:00 PM
From: Claude Cormier	Read Replies (2) of 2255

<<As Claude says it is too early to tell but if the grade or price does not improve it is not economic. >> I have to disagree here on the last part. I didn't say so and don't think so. First you can't use PDL numbers as a comparison. Their current operations were plagued with several problems that made the mine not economic at PGM's price below $300. Keep in mind that we are having >$500 PGMS price only since late last year. PD prices averaged $190 in 1997 and $280 in 1998. PDL's new reserves and operating plan makes it economic even at PGM's $350. In short, 1.5 g/t of PGM's is more than enough if the price is above $500... as long as the deposit has the good characteristics.

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