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


To: Brumell who wrote (1799)6/26/2000 9:02:00 PM
From: Claude Cormier  Respond to of 2255
 
<<I recently bought both PFN and ITF because they appeared oversold and cheap.>>

Bob,

I am not the geo type you are looking for, but I can only agree with you that PFN was an excellent buy at the recent oversold levels. Given the current high prices in PGM's, RV has to be considered a very important play at the moment. Just a few years ago, this exploration program would not have been possible.

But I don't think it is yet cheap or undervalued. For that situation to exist they need to define a much larger resource. Of course, on the next set of results that will suggest that this large resource exists, it will become immediately undervalued and will not stay that way for long. That is why it is a good speculation.

There are quite a few drill plays available this summer in the base metal and precious metals sector. We should have fun. Lets hope the metals will behave.



To: Brumell who wrote (1799)6/27/2000 1:04:00 AM
From: VAUGHN  Respond to of 2255
 
Hello Bob

Thanks for sharing your thoughts.

No question about the lack of confirmed limits or margins to the mineralization. I would not read too much into PFN's map implied extent of mineralization.

If ITF have taken grab samples that assay anomalous in PGE's and ITF has paid for and taken additional claims west of their current claims, which are well removed west of PFN's suggested Dana lake outcrop margins, then the intrusion is a hell of a lot bigger than originally implied.

Koan, if you refer to the Exploration Models cartoon of the VB Hope Brook Intrusion on the Muskox Site URL Bob linked, you will see the massive sulfide keel zone in red I was "obscurly" alluding to as being the ultimate or "holy grail" target. Down hole pulse IP, EM and possibly gravity surveys might possibly imply or provide clues to the location of such a target and/or the feeder dike in which massive sulfides often pool. THe difference however is VB didn't have any significant PGE's while any massive sulfides found at RV will most assuredly be highly PGE enriched.

If that is what PFN is chasing north, northwest, then as I hinted, it might possibly be under AQI or ITF and probably not at the surface unless the whole intrusion has been tilted.

I am hoping 1King is lurking and will step forward with some of his insightful comments and analysis as I have found him to be extremely knowledgeable and helpful in such matters.

No question that any RV play with large quantities of 1.6 to 2g/t open pitable ore will be a happy camper at current world prices, but the play with the biggest pay-off will be the one that has an open pitable massive sulfide pool under it assaying upwards of 14 to 22g/t PGE's.

The owners of those shares are the fellas with the big grins.

Regards

Vaughn



To: Brumell who wrote (1799)6/27/2000 11:49:00 AM
From: Brumell  Read Replies (1) | Respond to of 2255
 
FWIW, I think something may be up. Trading is odd.

Last week we had someone at DS wanting PFN badly. They bought over 200,000 shares and didn't seem to worry about price. We know from bids it was one buyer.

This morning, there was an order at open from TD Securities for 60,000 PFN at $1.60 and 100,000 ITF at .26 cents. Both orders were filled. Other bids are random and lackluster.

Have other's noticed these buy orders?

When you see large buys with such conviction as we've had in the past few days, you have to wonder. Last time PFN was able to keep results quiet until NR issued. No leakage was evident from trading. This time I'm wondering... and there are some rumours.

Just thinking out loud and FWIW.

Bob