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Gold/Mining/Energy : Pacific North West Capital Corporation-PFN on Alberta
PFN 7.500+0.4%Nov 3 4:00 PM EST

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To: VAUGHN who wrote (2144)10/5/2003 11:38:09 AM
From: John Trudeau  Read Replies (3) of 2255
 
Harry covered Canalaska & Freegold. Freegold appears to be the more interesting play. He mentioned the analyst interest was very good for Freegold, and that several had taken up a position in the Company.

On the PFN front, he mentioned the additional $400K that Anglo has kicked in, the new budget they've submitted to Anglo, and the expectation that the Company will get better coverage in the days to come. He also mentioned the potential of the company for finding significantly more PGMs on their property, as much of the drilling has been spread out. It didn't sound like the 2MM resource calc would be there at the end of October, but figured it would by Feb.

Given the recent buying by Canaccord and Dundee, and the additional $400K investment by Anglo, I think things are shaping up nicely. We just need to see some good coverage by Canaccord and/or Dundee, and more of the same when it comes to drill results.

JT
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