Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: hank2010 who wrote (1662)	5/29/2000 10:55:00 AM
From: winston.s.c	Respond to of 2255

They had a loss but they have a ton of debt as well.So to right this project off as not economical isn't right in my opinion.If they didn't have such heavy debt load it could be a very different story,and the price PGEs has changed allot over the last two quaters ,this may start to impact the bottom line this quater.

To: hank2010 who wrote (1662)	5/29/2000 1:20:00 PM
From: Claude Cormier	Read Replies (2) \| Respond to of 2255

<<As Claude says it is too early to tell but if the grade or price does not improve it is not economic. >> I have to disagree here on the last part. I didn't say so and don't think so. First you can't use PDL numbers as a comparison. Their current operations were plagued with several problems that made the mine not economic at PGM's price below $300. Keep in mind that we are having >$500 PGMS price only since late last year. PD prices averaged $190 in 1997 and $280 in 1998. PDL's new reserves and operating plan makes it economic even at PGM's $350. In short, 1.5 g/t of PGM's is more than enough if the price is above $500... as long as the deposit has the good characteristics.

To: hank2010 who wrote (1662)	5/29/2000 1:43:00 PM
From: koan	Read Replies (1) \| Respond to of 2255

Hank 2010 - PDL: - three Canadian banks loaned PDL 90 million dollars to expand their production to 250,000 oz of PGM's per year. Banks are not going to loan 90 million dollars to a company without going over the financial information with a fine tooth comb; ergo, the banks have said the project is economically sound. If you can find a crack in my logic, let me know, as I don't want to run around with a crack in my logic. It is sort of like going outside without your pants on - lol.