Penbar Capital Ltd V.PEM

Primary Symbol: V.PEM.P

Industrials Conglomerates

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

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Comment by rockport1on Jan 21, 2010 1:23am

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Post# 16702693

RE: RE: PEM a GEM

To 2010olympics1. Actually it is usually preferable to have higher grade near the surface because it is better to mine the highest grades first. This allows you to reach payback earlier. In typical bulk tonnage prospects, you mine from top to bottom so you definitely want high grade at the top/surface.
If it is an underground mine, the story is different. The company can set up shafts to reach the ore pockets on the most economic timetable. In PEM's case however, I think it will not be an underground project.

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