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

To: Elizabeth Andrews who wrote (1560)	5/9/2000 1:23:00 PM
From: Frank Ferrari	Read Replies (2) \| Respond to of 2255

Elizabeth, you asked whether or not any metallurgical work had been completed. All I said was from what i heard, that initial metallurgical work was done as part of Amplats DD at the beginning of the project. Also, I believe metallurgical analysis is ongoing (I think I saw it in a press release, don't hold me to that). Do you really think that Amplats would continue to spend money on the project in light of all of the results to date if they didn't think recovery could be satisfactory? As far as speaking for management, and what data they would or would not make public if they had it, I do not know. I do think that the River Valley area may have the geology to become a mine. I do not think that short term market manipulations and gyrations will be the deciding factor. We can continue to debate the 'what ifs' all day, but you are just pulling numbers out of a hat and applying them to your model as if they are gospel. I suggest you give them a call and try to get the actual recovery values, etc. and perhaps we can provoke a meaningful discussion. Cheers Frank