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

To: hank2010 who wrote (1656)	5/28/2000 1:50:00 PM
From: koan	Read Replies (1) \| Respond to of 2255

I find it interesting that we are having so much difficulty quantifying this little puzzle <g>. I would think it would be somewhat simple in at least a quick and dirty way. To hank 2010 you would have a point except you dropped a pretty big variable (can't drop big variables when we are trying to quantify stuff <g>). That variable being the present higher price of PGM's - much higher. So, the new question would be is PDL making a profit at these higher PGM prices? It is my understanding that they just secured a $90 million dollar loan for expansion purposes - I doubt they would get a loan if their deposit wasn't economic. For rock jock: for all intent and purposes can you really just subtract $131 from $500+? Are the two deposits that analogous ( they aren't in terms of size yet - PFN is still quite small - although I am hopeful), )and what about start up costs - that is a question? What about amortizing start up costs and strip ratios. How big of a deposit will PFN need to bring the overall cost to $131 (75 million tons?) including start up costs. PDL has something like 75 million tons, I think. I still hold quite a big position in all of RV and I havn't traded or sold anything, just sitting on my position, so I am happy to hear the deposit may be economic; if we are going to attempt to quantify this question of economic or not economic we should do so using the scientific method some of us learned in school. Seems to me we can do a little better job. I am not a geologist, so I can't be too helpful in that area (my background is experimental psychology). However, I think our teachers would turn over in their graves looking at the way some of these theories are being presented. There are plenty of very smart people here and on SH, maybe if we work together on this problem we can hone it a bit and feel more confident with our opinions? Here are some of the questions I think one should ask: 1 start up costs 2 stripping costs 3 processing costs 4 continuing operating costs I have no idea how PGM's are refined, so I am sure there are other costs. And I would still like to know if Flag was presenting their new results in grains or grams lol.