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Gold/Mining/Energy : Pacific North West Capital Corporation-PFN on Alberta -- Ignore unavailable to you. Want to Upgrade?

To: Brumell who wrote (1260)	4/27/2000 12:55:00 PM
From: koan	Read Replies (1) \| Respond to of 2255

My thinking on PGM's and Sudbury is this: If we are running a deficit in the supply/ demand equation for PGM's; and as most PGM's are derived as credits from other mining (e.g.nickle), then at some point the cost of PGM's is going to have to be directly related to the cost of getting them out of the ground by themselves. One does not start up a nickle deposit to get PGM credits, so the PGM's are price inelastic until the price gets to the point you can mine them directly. Inasmuch as PGM's are spread very thinly around the world (usually at best, 1 or 2 grams per ton) that cost may well need to be much higher than it is now. It seems Sudbury is indicating as good of PGM values and tonnage as anyplace I know of and much of it is on the surface. But my thesis is that at some point the price of PGM's is going to need to be directly related to the cost of getting them out of the ground directly.

To: Brumell who wrote (1260)	4/27/2000 12:58:00 PM
From: Just G	Read Replies (1) \| Respond to of 2255

Brumell: I want to go back to some facts here. Local talk and how significant this project is. I attended the Northern Mining show held up in Kirkland Lake, all my people. Geologists, geophysicist, geochemists, representatives from the Mining Recorders (Timmins, Sudbury and Thunder Bay), the Ontario Geological Society, Kennecotte, Falconbridge and I could go on. These guys just don't show up at a mining show for the good of their health, they are experienced enough to recognize the significance of River Valley and the surrounding area. Scott Jobin-Bevans spoke on Wednesday afternoon, and all above were in attendance. Do you know what all this means?? I haven't seen a frenzy like this since the Hemlo Mine was discovered. They have released seven holes, ALL have enriched mineralization, this is a significant factor, width to boot. The next holes which will be released next week are an important key, as we know some holes with be South Dana. All in the industry major or junior want to shake Pfn's hand, and thank them for not giving up. I saw this project last June come to light, and hoped the hell that Pfn would find a partner and low and behold, the leading producer and mine finders end up being their partner, cmon...it was a tough time for the industry. This project, not a mining play, is REAL. Pfn is there for the long haul and they will make history, mark my words. I would like to discuss this further next week after the remaining holes are made public, because we will have alot to discuss. The River Valley is rare, and I for one am thankful that we have a junior that is so hard working, dedicated, and geologist that is brilliant, and so respected here in the North. He has the attention of us all, and I too shook his hand, he has brought world wide attention back into an industry that was in serious trouble. Regards G