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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 (1586)	5/11/2000 1:45:00 PM
From: Berry Picker	Respond to of 2255

Pacific completes geophysical program Pacific North West Capital Corp PFN Shares issued 8,492,000 May 10 close $1.34 Thu 11 May 2000 News Release Mr. Harry Barr reports Pacific North West has completed a geophysical program on the River Valley project. Pacific's geological and exploration team is currently at the project site on a week-long planning session interpreting the results from the recently completed geophysical survey and planning the next round of infill drilling.. Further details on the geophysical program and the next round of infill drilling are expected within the next seven days. Over the next three weeks management will be concluding a series of site visits. Site visitors will include mining analysts, major and regional newspapers, and newsletter writers from Canada, the U.S. and Europe. Our geological team will be on hand to further discuss the results that are already in the public domain. The River Valley project is funded through an agreement with Anglo American Platinum Corporation, the world's largest platinum producer, which can earn a 50-per-cent interest in various Pacific properties in the Sudbury area by paying $300,000 for the option and spending $4-million on exploration; a 60-per-cent interest by completing a feasibility study; and 65-per-cent by financing the property through to production. In addition to funding, Anglo American is providing Pacific with technical expertise in its search for platinum group metal deposits. Pacific remains operator of the projects. Anglo American is funding a minimum $1-million exploration program on River Valley and other Pacific projects in 2000. Every hole in the 13 hole phase 1 drill program intersected significant platinum group metal values. Hole RV-8, the most northerly hole drilled, intersected the longest mineralized section in the drill program, with an intercept of 130.5 metres of 1.21 g/t PGM (Pt+Pd+Au+Rh) which includes higher grade intersections of 7.2 metres at 3.42 g/t PGM, 0.16 per cent Cu, 0.02 per cent Ni; and 28.6 metres at 2.18 g/t PGM, 0.17 per cent Cu, 0.03 per cent Ni.

To: Elizabeth Andrews who wrote (1586)	5/11/2000 3:40:00 PM
From: Buckey	Respond to of 2255

Liz - Looks like PFN may have been slightly oversold at 1.30 as the action today is nothing to get excited about but it beats the hell out of another 30 cents the other way.

To: Elizabeth Andrews who wrote (1586)	5/11/2000 4:44:00 PM
From: crudestope	Read Replies (1) \| Respond to of 2255

Dear Elizabeth, I didn't tread on your toes did I? If one gramme of PGMs buys twenty apples and 1.6 grammes of gold buys the same what is the value of 20 apples? Today's news release is most encouraging. Amplats would not be paying for a fill-in drilling programme unless it is reasonably confident about the property's qualities. It also suggests that metallurgical testing has been favourable. I hope you are not still short. Regards, Crudestope.

To: Elizabeth Andrews who wrote (1586)	5/11/2000 6:47:00 PM
From: Brumell	Read Replies (2) \| Respond to of 2255

Hope you covered if you were short, Liz. The market finally realized PFN was oversold and rebounded today. Hard to know what the latest NR may herald. If additional drilling is limited to infill, it's hard to see how anything better than they already have can be achieved. For whatever reason, it appears they want to prove tonnage now rather than explore for better grades and areas. They have their reasons. Unfortunately, I can't see how infill drilling will do much for the market. Dramatic new results are unlikely. Regardless, PFN was worth more than $1.30 which had to be rated a bargain. Have you considered thumping IWA?? ....<ggg> Regards, Bob