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

To: koan who wrote (1808)	6/27/2000 9:04:00 PM
From: 4TNiner	Read Replies (1) \| Respond to of 2255

I would think that if PFN fell to a buck or below the long term future would not be particularly bright for this project. IF the next set of results stink and the conclusion is reached that what has been found is insufficient to warrant developing a mine why would you want to own this stock if it fell to a buck. Why not wait until it reaches .42 cents and a new project is rolled out. I think Bob was right with his comment that support was strong at +$1.30 and that with each new phase of drilling the price will go up as long as results continue to demonstrate a mine is a possibility. Price is rising and that means news will be shortly coming. What is interesting about the price rise is the relatively large blocks of stock that are being purchased. Throwing small chunks of cash is one thing but some of these purchases have involved significant sums of money given that money could have been invested elsewhere with a much lower risk factor and still a reasonable chance for a good return. I pay attention when large sums are invested because I think those behind such purchases have much better information than I.