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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

Penbar Capital Ltd
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Post by JoeKoolon Aug 11, 2010 1:44pm
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Post# 17341975

godd results

godd resultsThe results are impressive and very encouraging. They extended the mineralization, it's still open and the 150m 1.5g/t will add to the known ounces. The MC is about 50 million, so if they end up with even 1 million ozs. (verrrry conservative), give it a value of $100/oz and you have a share value of $2. What is not to like about that???? At  a very reasonable 2 million ozs. you get $4/sh. Also, in a mining friendly/stable jurisdiction and holding this stock for the long term is a no brainer.
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