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Gold/Mining/Energy : Pacific North West Capital Corporation-PFN on Alberta
PFN 7.5000.0%Nov 4 4:00 PM EST

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To: John Trudeau who wrote (2154)10/17/2003 12:52:54 AM
From: VAUGHN  Read Replies (1) of 2255
 
Hello JT

I pretty much agree with everything you say except perhaps the consistency of CC's picks. I find many of their junior recommendations to be just as self serving as Grandich's but as you say, "any copy is good copy!"

On a somewhat separate perspective, one thing I do find particularly unusual about PFN is the amount of drilling they have had to do to prove up their current tonnage of 1m tonnes.

They've been at it for what 8 years, while CZZ I don't believe has been trying for more than two (2) and last April published an inferred total resource of 1.45 m tonnes.

Granted, CZZ appears to have been drilling a modestly higher grade ore body up until recently, but I believe PFN's intersections have been consistently deeper. So do you have any idea why PFN has taken so much longer to prove up less ore, despite the significantly richer drill budget and closer proximity to infrastructure? They still even have 70% of their claims unexplored...

Is it just that CZZ's numbers are "inferred" and PFN's are "proven?" If that's the case then PFN's lower market cap really needs some explaining as it was my understanding that promotion was HB's claim to fame wasn't it?

Just wondering while we wait for more results...

Regards

Vaughn
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