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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Comment by dinero2on Jul 19, 2011 6:54pm

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Post# 18849363

RE: RE: RE: results

blairworks, I respectfully disagree with you.
Doing stepouts will not produce big numbers, true, BUT it will get the attention of major gold producers.

Place yourself in their shoes. Would you rather partner up with or buy out a junior explorer with a 1mil ounce resource and no possibility to increase, or would you rather buy a property that has 1 million ounces and wherre drills are hitting mineralised ore on 2-3 km?

I would much rather buy the 2nd one since I know thatif there's 1mil ounces on 800m, the stepouts proved to me that there are likely 2.5 million other ounces on the rest of the strike.

All this without spending a fortune on infill..

Economically this makes more sense for PEM and any other potential partner or acquirer.

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