Penbar Capital Ltd V.PEM

Primary Symbol: V.PEM.P

Penbar Capital Ltd. is a Canada-based capital pool company. The principal business of the Company is to identify and evaluate opportunities for the acquisition of an interest in assets or businesses and, once identified and evaluated, to negotiate an acquisition or participation by completing a qualifying transaction. The activities of the Company are initially limited to the efforts to identify and evaluate the acquisition of assets and business, which would represent a qualifying transaction for regulatory purposes. The Company has not commenced commercial operations and has no significant assets.

TSXV:PEM.P - Post by User

Penbar Capital Ltd

Bullboard Posts

Post by WhiteFoxon Sep 07, 2010 9:15am

484 Views

Post# 17418941

My two bits

This stock is worth a considerable amount more than its present value - even with 160 million shares in play. As per Del’s quote on the cover of The Northern Miner I am confident PEM will succeed in proving a minimum of 1.5 million ounces this season. This is close to what is commonly accepted as 'economically viable'. Gold is holding above $1,200 an ounce. Assuming a high estimated extraction cost of $400 per ounce, this resource becomes a $7.50 per share game. I agree the machinations of the market will keep the share price significantly below this, but I reflect on my (last) January and February prediction that Premium will be a $4 take-over target long term. GLTA

Bullboard Posts

This junior mining stock offers billions in market exposure