Pacific North West Capital Corporation-PFN on Alberta Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Pacific North West Capital Corporation-PFN on Alberta

PFN 7.570

+0.1%

Nov 12 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: koan who wrote (1941)	8/12/2000 2:17:57 PM
From: Brumell	Read Replies (1) of 2255

Hi Koan, I sure agree that <<< Commercial PGM deposits at these prices are very hard to find.>>> PGM's as the primary target are comparatively new to the Canadian scene. Normally it's been found as a by-product. Suspect we have a way to go on the learning curve. Regarding a cheap PP by PFN, anything is possible but I very much doubt it. It appears PFN was interested in doing a high priced one similar to Haywood's failed attempt with ITF. Haywood wanted a cheap one so PFN shopped and found LOM. Knowing they were out, Haywood started selling and it was misinterpreted as PFN insiders selling. The irony is PFN management, holding out for a better deal for shareholders, took a bum rap.... aided and abetted by our friend Vic. Apparently he'll do or say anything that weakens PFN management. At this point, a high priced PP is impossible. My hope is the company will focus all efforts on exploration and get the word out to shareholders and the public. Barr has been away for 2 weeks. He returns to many problems. Fortunately, working capital is not one of them. I very much doubt a cheap PP is considered or contemplated. If it was, I'd say to hell with them and move on. Meanwhile, it appears PFN has a large deposit of PGMs. Big question is whether it will be economic to mine and what PGM prices would be required. Some areas appear viable but the question is tonnage. That will be the big story as exploration progresses. My hunch is they'll make it but we have a long way to go. They need some luck at untested areas such as Hen Lake and Azen. Combined with North Dana area, they could establish very large tonnage and suitable grade. Your points about South Africa likely determining price in the future are well taken. PFN and MMIN are fortunate to have the 2 largest South African producers as jv. partners. Lot's of fun, Koan. I'm not going to dispute Vic any more on SH. The point was made, my position on him clear, and continued wrangling will only hurt the thread. Anything more to do with Vic I'll post here. Vic is a member here under another name and can debate any time he chooses. Bob

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next