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Gold/Mining/Energy : Pacific North West Capital Corporation-PFN on Alberta
PFN 7.540-0.4%Nov 13 4:00 PM EST
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To: Brumell who wrote (1826)6/28/2000 6:13:00 PM
From: Brumell  Read Replies (1) of 2255
 
A commentary on PFN. It was in Canada Stockwatch and reads well....
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Cdn Resources & PennyMines Analyst says buy Pacific North West

Pacific North West Capital Corp PFN
Shares issued 15,988,625 Jun 27 close $1.53
Wed 28 Jun 2000 In the News
In the June issue, Canadian Resources & PennyMines Analyst says buy Pacific
North West Capital ($1.38). The company recently started phase two drilling
on its River Valley project. In phase one, the company found a high-grade
platinum group metal occurrence that helped push the stock toward a 52-week
high of $4.15. PFN is the operator with the project financed through an
agreement with Anglo American Platinum (Amplats), the world's largest
platinum producer. Amplats can earn a 50-per-cent interest in various PFN
properties in the Sudbury area by paying $300,000 for the option (paid) and
spending $4-million on exploration; a 60-per-cent interest by completing a
feasibility study; and 65 per cent by financing the property through to
production. Amplats is also providing technical expertise. Amplats is
financing a minimum $1-million exploration program on River Valley and
other PFN projects in 2000. This is the Analyst's first mention of PFN
since Stockwatch coverage of the newsletter began in 1994.
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