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Pacific Ridge Exploration Ltd V.PEX

Alternate Symbol(s):  PEXZF

Pacific Ridge Exploration Ltd. is a Canada-based copper-gold exploration company. The Company's British Columbia projects include Kliyul, Redton, RDP, Onjo and Chuchi. The Company's Yukon Projects include Mariposa, Eureka Dome and Gold Cap. The Company owns 100% of the Kliyul copper-gold project, which is over 90 square kilometers (km2) in size and is located in the prolific Quesnel Terrane close to existing infrastructure. Its Redton project is a porphyry Cu-Au property that adjoins Northwest Copper Corporation's Kwanika property along its eastern and northern boundary. Its RDP project is an approximately 3,800 hectares (ha) project lying within the Stikine Terrane, which is host to numerous significant porphyry deposits in northern British Columbia, including Kemess, Red Chris, Kerr - Sulphurets and Galore Creek. Its Onjo project targets gold-copper porphyry deposit. The Orbison project is a reconnaissance porphyry Cu-Au exploration program in central British Columbia.


TSXV:PEX - Post by User

Comment by Pezo_Plakaon May 19, 2008 11:12pm
159 Views
Post# 15088022

RE: READ FIND PRINT

RE: READ FIND PRINTFine print ?

Does not look like fine print to me... looks to be smack dab
in the middle of the release.

As far as your point about failure:
- With this project on ice (literally) during the winter months and only 6 months
a year to work on it the team needed another project to add more value.
- The grades are very decent but obviously with Uranium drifting back to $60/lb (from
$135/lb) it doesn't take a genius to see this is a long long term investment.
- Uranium One (UUU) produced more than they could sell last quarter (Financial Post), thus
right now we have over supply.
- Sometime over the winter this project came their way and they took it.  Would love to hear
the story from Mr.Brock how this came to be.. stay tuned.
- Now we have some weird diversification but none the less a project that will start drilling in
3-4 weeks that has some serious potential while the U308 gets a back seat.
- This stock could go vertical in the next months/years if all goes well.

In conclusion:
- You picked a crappy time to sell.  You should have bought more in this range.  IMHO

Good Luck in your future investments.
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