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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 wahjai604on Jan 17, 2010 11:37pm
675 Views
Post# 16689259

Vancouver Investment Conference

Vancouver Investment ConferenceI was at the conference today and talked to Wilf Struck briefly about PEM and Christine Kopr who is in Corporate Communications for PEM.

I didn't have a chance to chat with Wilf for long since he was about to present the workshop for PEM, and then after that he became too busy talking to other conference speakers.  Based on what I remember he has basically spoke about the latest NR and the latest drill results from their Phase-II and how they were really pleased with the results from that, and then he mentioned that the remaining 3 holes should be released in Jan - Feb time frame due to the analyzing of the drill samples.

Wilf also mentioned that the latest powerpoint slides will be available today (Jan 17th) for the Cambridge House conference and you can check out the information yourself:

Source: https://www.premiumexploration.com/wp-content/uploads/2008/05/jan-2010-cambridge.pdf


Christine, whom I managed to talk to, was a nice lady who was well informed of the Friday-Petsite project and what PEM will be doing in the remaining 2010:

1.) The remaining three holes will be completed in the Jan - Feb time frame, and then a NR will be released.

2.) In March they will do an internal resource estimate so that they can have a better understanding of the project and what the new updates will be for their inferred and indicated resources.  (I think this may refer to slide #16 where it should be done by Q2 of 2010)

3.) After that is done they will submit the data for an updated NI 43-101 resource estimate and hopefully should have that completed by Q4 of 2010.  (I was told hopefully by Sept. but there isn't any guarantees).

4.) The next 3 to 5 year plan will eventually be the continuation of the exploration of the Friday-Petsite project south of the current circle (slide #17) where they still have another 1.150 km to explore, and she pointed out that the red part of the map shows how big and concentrated the gold may be in that region which has so far been untapped and no drill holes have been done yet in that part of the region.

5.) I asked if they will be back for the World 2010 Investment Conference in Vancouver hosted again by Cambridge House, but didn't get a clear answer there, Christine says that it would be great if they do go back because by then they would already have a much clearer picture of their Friday-Petsite project and their updated resource estimate for the project.

----------------------------

It's only day one of the event, so if I hear anything more tomorrow I'll post it up on SH.

Cheers!
WahJai604

Btw here is the link if you want to preregister for the World Investment Conference happening in Vancouver on June 6th and 7th at the Vancouver Convention Centre - https://www.cambridgehouse.ca/index.php/world-resource-investment-conference.html
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