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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

Bullboard Posts
Post by wood6411on Apr 02, 2011 10:23am
291 Views
Post# 18377004

DRILL PLAN

DRILL PLAN
Good to see a lot of discussion about this years exploration and drill plan. It's a nice change from most of the bickering that sometimes takes over the board. I dislike the BS that sometimes frequent these boards.

Now, Spring is here, a new drilling season has started, and soon we will make swiss cheese out of our property. all the discussion about how many meters will be drilled. Who cares if it will be 25,000, 50,000, or whatever. Anytime a company can muster close to these numbers for a drill season, it will get the attention of the market. Sooner or later. this is not a fairlytale folks. WE ARE ONTO SOMETHING HUGE HERE.

We have two drills turning as we speak, and you can bet, Dell can't wait to get the other two going. Not sure why we are waiting. Next time I talk with the company I will ask. I know the news release sort of mentions they will have two more drills turning when the rest of the permits are expected to be received in June, and I quote -  (Two additional drills are contracted to arrive in June when the majority of thedrill permits are anticipated to be received )

In any case, we are in good hands folks. We are very lucky to be in the position we are. Many other companies like ours are struggling to muster up anything at this time. I see so many companies proud to announce 3-5000 meters of drilling. We are head and shoulders above most out there. you might say, we are the envy of the junior explorers.

As for how much drilling we will do this year, I am sure Del will try to do as much as we possibly can, money permitting. I know we have a lot of warrants coming due in the next few months. That will bring in more money. In my opinion, the 25,000 meters is what is confirmed, and cast in stone. You betcha this could be expanded in a big way, depending on what we find in the nearterm. I am sure Dell would like to punch a hole in every square inch of the property.  Well, every 20m to qualify for the 43-101. I think we are going to be very pleasantly surprised with this years results.

I am amazed we haven't seen a staking rush for this area od Idaho, unless of course we have it all wrapped up. the only other company I heard of in the area is VLC, and I don't see them doing anything yet. I wonder if Del is thiniking on purchasing their property, as they do have to sections that are right in the path of ours?

Keep up the good discussion folks. We won't be at this share price for too much longer, so everyone relax, and use this opportunity to top up your accounts.

Bullboard Posts
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