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 7.440

0.0%

Nov 26 4:00 PM EST

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To: Claude Cormier who wrote (1672)	5/29/2000 10:42:00 PM
From: hank2010	Read Replies (1) of 2255

Claude, to avoid misinterpretation my sentence should have read. As Claude says "It is too early to tell", but if the price does not improve it is not economic in my opinion. Further to my post and your reply though. PDL annual report states that the average price received in 1999 for Palladium was $358.00 and the average grade was 2.89 grams per tonne (Pd + Pt). Gross value is 2.89 x 358/34.2857 which equals $30.18. If we use 1.5 grams/tonne and $500/ounce the gross is $21.875. PDL lost money in 1999 at a gross value 38% higher than 1.5 grams/tonne at $500 per ounce. As far as the problems that plagued NA Pd, what assurance is there that PFN will not be plagued with problems? There are not too many other comparisons with PFN other than PDL (Idon't know of any), but I think we should pay attention to what have. I am long in PFN because I am gambling that the grade will improve, or the price will improve. However, I can not agree that 1.5 grams is economical at $500.

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