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

To: koan who wrote (1387)	5/1/2000 11:14:00 PM
From: Claude Cormier	Read Replies (1) \| Respond to of 2255

<<You can't say PFN is overvalued or undervalued. >> Well don't you agree that if you can estimate the current number of ounces discovered so far, you then can say that, assuming there are no more favorable results, the stock is currently either overvalued, fairly valued or undervalued. As well, at this stage of the game, there is always a premium built into the stock that is due to high expectations and succesful promotion. Therefore, the likelyhood is that the more promotion there is, the more overvalued is the stock. Of course, after the next results are out, the equation will change accordingly and the average price of the stock will again change to reflect the new numbers (or lack of) and the new premium. I know this is theory, but in the end, the premiums always disappear and it is solely the discovered resource that tells what is the true value of a stock, nothing else.