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 PACIFIC COMOX (PCM.v) or (PAOCF)

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mmock



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PostSubject: Re: PACIFIC COMOX (PCM.v) or (PAOCF)   Sun Sep 23, 2007 8:37 am

To Bull:

Question 1
If all of the warrants are activated would it then make the stock price go down.

Question 2
But if the company can go into operation and make a profit should'nt the companies stock price rebound and go up?

Question 3
If so do you think it could reach a $1.00 within 3 to five years?
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PostSubject: Re: PACIFIC COMOX (PCM.v) or (PAOCF)   Sun Sep 23, 2007 9:27 am

1. If PCM's share price in June 08 is, let's say 50c and warrants are exercised, then yes there would be pressure on the share price. The reason is, warrants are priced at 10c, so the warrant holders would get an immediate 20c profit for selling. If this happens the company is the reciepient of the 10c per share or 5.3 million approx. in this case. Not all warrant holders will sell, some will hold for the long term. I need to find out how many "strong hand" positions there are.

2. Yes, absolutely the price should go up and how much, depends on the economics of the operation.

3. I think PCM's price could hit $1.00 before June 08, but this is dependant on some excellent results from both the Mabel property, as well as the Ryan Lake moly/copper project. If Jasons copper price estimate comes to pass, then PCM should blow right past $1.00 maybe even $3.00. The point is, PCM has been bringing in results. This will be reflected in the resource estimate, and it could surprise a few investors as to how much mineralized ore has actually been intercepted.

PCM is a significant part of my portfolio, as I have the patience to wait for 1-3 years for 1000% gain, some might not want to take the chance, but I know some of the players involved, past and present, so I feel at ease and confident.

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silverman



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PostSubject: Did you mean 40c profit ?   Sun Sep 23, 2007 11:35 am

[quote="bull"]1. If PCM's share price in June 08 is, let's say 50c and warrants are exercised, then yes there would be pressure on the share price. The reason is, warrants are priced at 10c, so the warrant holders would get an immediate 20c profit for selling. If this happens the company is the reciepient of the 10c per share or 5.3 million approx.

Bull, did you mean "an immediate profit of 40c ?? ( 50c-10c ) ?

and also, Bull, what is the average price you paid for this stock ??

I own this one too...and have patience...
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PostSubject: Re: PACIFIC COMOX (PCM.v) or (PAOCF)   Sun Sep 23, 2007 11:41 am

Quote :
Bull, did you mean "an immediate profit of 40c ?? ( 50c-10c ) ?

Yes Silverman, my error. I quess my expectations are for 30c min. by June 08 and that is why I made my error.

Thanks for the correction. Embarassed

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PostSubject: Re: PACIFIC COMOX (PCM.v) or (PAOCF)   Sun Sep 23, 2007 11:44 am

[quote="mmock"]
bull wrote:
1.) PCM still has a lot more drilling to do. PCM would not use a mill with this type of deposit. We will need to see what the metalurgy of the ore is, but heap leaching is the only way to extract silver and gold from the lower grade mineraization.


Bull:

What do you mean when you say "We will need to see what the metalurgy of the ore is"?

What I mean is, we need to wait for lab analysis to find out the exact composition of the ore, so we will know what will be involved in recovering the precious metals and what the actual recovery percentage we can expect using different leach times.

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mshen11



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PostSubject: Re: PACIFIC COMOX (PCM.v) or (PAOCF)   Sun Sep 23, 2007 2:24 pm

to answer your question bull, im basically quoting you from JH (i havent done any DD and assume your assumptions are true)...

* "at surface 2 g/t EqAu"

* bull talks of knowing the management (this is putting faith in bull)

* assuming 10mill capex, throw in "Open pit, small leach pad, many areas with a strip ratio of ZERO"


there are two things that makes me hesitate (both are in regards to the PP) - 1. number of warrants (even if the amount was signifcantly smaller i would still be worried that the price will be suppressed at 10c 2. warrant price

i guess the question to ask is how many peole were in the PP, out of those, how strong are they?
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PostSubject: Re: PACIFIC COMOX (PCM.v) or (PAOCF)   Sun Sep 23, 2007 2:38 pm

Quote :
[size=7]there are two things that makes me hesitate (both are in regards to the PP) - 1. number of warrants (even if the amount was signifcantly smaller i would still be worried that the price will be suppressed at 10c 2. warrant price

I quess the way I view it is, if PCM proves up a tremendous amount of silver, I don't see how the price could stay depressed. I mean, It could go down around June, but for how long would it stay down? Also, if this is the case, all it does is provide another trading opportunity.

As far as the "Strong hands" go, I hope to speak to Don Empey soon. I have a hand full of questions for him now.

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mshen11



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PostSubject: Re: PACIFIC COMOX (PCM.v) or (PAOCF)   Tue Sep 25, 2007 8:33 am

wonder why pcm is taken out of MP... trying to do DD and was curious
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PostSubject: Re: PACIFIC COMOX (PCM.v) or (PAOCF)   Tue Sep 25, 2007 9:20 am

After months of following Shelby's movements, I have come to believe with a high degree of certainty, that "W.D. Latimer" is his broker.

According to this, he boiught 5000 shares this morning.





Time
Price
Shares
$ Change
Buyer
Seller


09:52
0.100
5,000
+0.000
W.D. Latimer
Anonymous

source:
http://tsx.com/

I would not have posted this, except for the fact that Shelby says we should not hide truth, even if it is just as we preceive it.

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PostSubject: Re: PACIFIC COMOX (PCM.v) or (PAOCF)   Tue Sep 25, 2007 9:31 am

Looks like shelby has picked up another 10,000 shares.

I am confident that Shelby actually really likes PCM. I have asked him as much, he did not answer.

I have also seen a lot of day trading in PCM under W.D Latimer.

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PostSubject: Re: PACIFIC COMOX (PCM.v) or (PAOCF)   Tue Sep 25, 2007 9:33 am


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studbkr



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PostSubject: Re: PACIFIC COMOX (PCM.v) or (PAOCF)   Tue Sep 25, 2007 12:22 pm

PCM is not in Miningpedia...and CZN is still #1 on "P/E gain" criteria. Maybe the search for "the truth" has changed course...
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EarthMonkey



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PostSubject: Re: PACIFIC COMOX (PCM.v) or (PAOCF)   Tue Sep 25, 2007 1:08 pm

Ignoring the #1 status on "P/E gain", I sold some CZN (although most of them are free shares) and bought CML.V.

My rationale is that CML.V is going to produce sooner (in 2008 vs CZN in 2009) and CML has almost all the cash they need to put the mine into production.
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dz20854



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PostSubject: buying opportunity?   Mon Oct 01, 2007 10:37 am

300,000 volume in PCM already today. Looks like one large seller thru BMO NESBITT BURNS INC all at nine and a half cents per share.

May be a good buying opportunity.
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PostSubject: Re: PACIFIC COMOX (PCM.v) or (PAOCF)   Mon Oct 01, 2007 11:34 am

Who ever is selling is nuts! There is a freash news cycle coming. I know this because I talked with Donald Empey for about an hour this morning. I encourage you all to call.

BTW Ask him about the possibility of a 1000 TPD Vat leach operation. Capex under 10 million, production of 20-30,000 gold oz equivalent. Shelby at JH forum tried to make me look like an idiot for my calculations. I put it to you, that Shelby is the one who is not in touch with reality.

WAKE UP SHELBY!!! Know your facts study before saying others are wrong. I know you read this forum Shelby, so I will advise you to apologize to the holders of PCM for being misleading or just plain ignorant of the facts as related to PCM. Shelby you were wrong once to post incorrectly about PCM. Not admitting you were wrong, makes you wrong twice.

BTW Shelby is buying again. W.D Latimer is his broker.

http://www.tsx.com/HttpController?GetPage=QuotesLookupPage&DetailedView=DetailedPrices&Market=T&ref=quickquotehome&Language=en&QuoteSymbol_1=pcm



10:43
0.095
20,000
+0.000
W.D. Latimer
BMO Nesbitt

10:43
0.095
10,000
+0.000
W.D. Latimer
BMO Nesbitt

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dz20854



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PostSubject: NR - a little light on the moly   Wed Oct 03, 2007 10:07 pm

Some followup drills at Ryan Lake, south zone, were released today:

http://biz.yahoo.com/ccn/071003/200710030417044001.html?.v=1

They show moly results much worse than was reported in the June 6 release. Now: .014% and .062%. Then: .13% and .38%.

Of course the larger picture is still on track-- this is only 1 set of follow-ups to only 1 zone of Ryan Lake, and then there is the work at Mabel.

I made the mistake of selling PEZ a couple days before the run-up, after taking out of context their NR that they had turned back some property, forgetting about all of their other good properties. I won't make that mistake again.
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PostSubject: Re: PACIFIC COMOX (PCM.v) or (PAOCF)   Wed Oct 03, 2007 10:45 pm

Well this is obviously some of the lower grade zone, but remember $50 dollar ore, when you include the gold and copper is very profitable when open pit mining. The mill is right on site, so production costs can be in the $10-15 range.

I think it is important to keep in mind that PCM has intervals of 395 feet of $30 ore. Also 20 feet intervals of $700 ore. PCM offers tremendous leverage to the upside in copper prices. Donald Empey expects a resource estimate out on Ryan Lake within a month. I think a lot of current investors will be somewhat surprised about how much ore is already proven.

http://www.pacificcomox.com/news/070118.pdf

The mabel is more interesting for me. From the drill maps and talking with Ceasar Limas and Roger Scammell, I am very confident that 10's of millions of silver EQ oz's will be drilled out there in a reasonable amount of time. The drilling is shallow and muliple holes can be drilled in one day. PCM has a very good working relationship with Longyear, so I don't think they will have any trouble getting the drill when required.

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PostSubject: Re: PACIFIC COMOX (PCM.v) or (PAOCF)   Thu Oct 04, 2007 5:24 pm

how does otcbb work? i tried my hand at paocf @0.0901.... it should have filled because most of the trade today was 0.85x CDN. nothing of mine was filled today
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PostSubject: Re: PACIFIC COMOX (PCM.v) or (PAOCF)   Thu Oct 11, 2007 9:19 pm

2.1% Copper and 0.15% Molybdenum or 3.0 lbs/ton Molybdenum Reported in Hole 87 Over 12 Meter Interval


10:55 EST Thursday, Oct 11, 2007

TORONTO, ONTARIO--(Marketwire - Oct. 11, 2007) - Pacific Comox Resources Ltd. (TSX VENTURE:PCM) reports the assays for an additional 10 diamond drill holes testing the area of the former producing underground copper mine (the South Zone) at its Ryan Lake copper/molybdenum property at Matachewan, Ontario. Drilling is continuing and assays will be reported when received for the additional 10 holes completed to date.
Interval of 34 meters grading 0.96% copper and 0.056% molybdenum reported in hole 87 starting at 37 meters and including an interval of 12 meters grading 2.1% copper and 0.15% molybdenum (3 lbs/ton molybdenum) from 56 meters. Hole 87 also reported an interval of 33 meters grading 0.54% copper and 0.027% molybdenum starting at 113 meters.
Hole 86 reported a long mineralized interval of 163 meters starting at 7 meters grading 0.26% copper and 0.015% molybdenum. The long interval included an interval of 17 meters grading 0.83% copper and 0.034 % molybdenum from 37 meters.
Hole 81 reported a long interval of 135 meters from 76 meters grading 0.35% copper and 0.031% molybdenum including an interval of 21 meters grading 0.58% copper and 0.059% molybdenum starting at 186 meters.
The assay results for the 10 holes reported are summarized in Table 1. All the holes also reported gold and silver values.
In the current program on the South Zone additional holes have been drilled both north and south of the completed holes on many of the sections to extend the 700 foot North-South dimension of the drill tested areas. The South Zone has now been tested over 800 feet on an East-West dimension.
The current program also tested the indicated mineralized zones to deeper levels than the previous programs. The mill which is currently processing barite is expected to be a major asset going forward to facilitate the resumption of copper/molybdenum production on the property.
Robert Hill P. Eng. serves as the qualified person (QP) for the sampling and exploration program under the definitions of National Instrument 43-101, reviewed this release and supervised the drilling program. The geologists on this program were Dan Crossley P. Eng. and Robert Van Ingen P. Eng.. The split NQ core samples were assayed at Swastika Laboratories Ltd. Swastika Ontario, an accredited laboratory.
Donald Empey, President

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PostSubject: Re: PACIFIC COMOX (PCM.v) or (PAOCF)   Thu Oct 11, 2007 9:44 pm

So the results are out. We got some market reaction, enough to move about 4.5 million shares. Seems to me we should expect a better move in price.

Quote :
2.1% Copper and 0.15% Molybdenum or 3.0 lbs/ton Molybdenum Reported in Hole 87 Over 12 Meter Interval

Okay so thats 2.1% copper or 46.2 lbs at $3.69 = $170

Now Moly 0.15% or 3.3 lbs per tonne at $32 = $105

So $170 + $105 = $275 per tonne over 12 Meters

Production costs should be calculated at about $10 per tonne if the the operation were to be a fairly large scale open pit (5000 tpd plus)

I think it is safe to assume that this is not the plan, unless of course new zones are discovered. I take the worst case scenario at 1000 tpd. I know the mill is pretty much right on site, though it will need to be upgraded. The smelter is about 80 miles away (far to ship ore, but not concentrate. Concentrate is often shipped directly to China) and power is plentyful. Water...Well the name Ryan Lake answers that. Roads are excellent. You need only look at this report to find a map, including the road to the smelter.

http://www.pacificcomox.com/pdf/0601-review-ryan-lake-claims.pdf

You might want to try latter, PCM's website is on overload today.

Anyway, my point is that at 1000 tpd, production costs of $30 per tonne from open pit to smelter is on the very high side, could be as low as $20 per tonne easily, but let's use $30 so Shelby doesn't show up.lol!


$275-$30 is $245 per tonne. So at 1000 tpd we are talking $245,000 per day time 365 is $89,000,000 per year. Now, you must remember that this is at 100% recovery and I use this because I don't have the metallurgy to work with yet. Many operations are recovering near 90% when processing copper/moly. This doe not mean PCM will, however the previous operaters in th 60's seemed to be successful. BTW if anyone discovers historical data, let me know post haste.

So why did I pick these numbers? There is obviously some lower grade, well there is, but also some much higher grade over. Sometime I think the market has forgotten. It's always what have you done for me lately.

There are many holes similar to hole PC-05-16 for example. 9 meters at .52% copper and .58% moly, thats $42 for the copper and $408 for the moly.

Then there is Hole 53, mineralization includes 20 feet of 5.3% copper & 0.54% or 10.8 lbs/ton molybdenum. Assays for 7 holes in South Zone.

Thats $430 for the copper and $380 for the moly. I think open pit with a strip ratio of near zero and ore at $810 is worth and investment.

I quess patience is required here, but when the resource estimate comes out, I think I start to see some reward.

It's funny looking at some other forums and what people get excited over. Seems like many would rather invest in something with twice the grade, but in the middle of nowhere and in some country run by some kook.

I better stop now. Everytime I go through the PCM data in a thorough manner, I want to buy more. I already have a huge position. Very Happy

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mshen11



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PostSubject: Re: PACIFIC COMOX (PCM.v) or (PAOCF)   Sat Oct 13, 2007 4:28 pm

im pretty frustrated. been trying to buy on OTCBB for the past week and the bids on the toronto side has actually dropped way below my bid - not a single fill!

my order has been stuck at .0851$ USD for almost two weeks.

bull you want want somehow sell some of your overload position on the OTCBB ?

my broker charges 1k$ for my paocf trade on toronto exchange


Last edited by on Sat Oct 13, 2007 5:02 pm; edited 1 time in total
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PostSubject: Experienced the same on OTCBB   Sat Oct 13, 2007 4:54 pm

I think I will have to open an account with interactive brokers and trade on the canadians exchange.
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PostSubject: Re: PACIFIC COMOX (PCM.v) or (PAOCF)   Tue Oct 16, 2007 2:30 pm

Another 1 million shares hopeful bids at 8 cents. How interesting to see the slow accumulation process. Looks to me PCM.V is ready to take off over the next few days....
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PostSubject: Re: PACIFIC COMOX (PCM.v) or (PAOCF)   Thu Oct 18, 2007 7:47 am

Buy Orders





# of orders
Shares
Price




7
738000
0.085

11
952000
0.08

1
30000
0.075

6
507000
0.07

1
150000
0.065

2
48000
0.06

1
5000
0.055

1
3000
0.025


As you can see by Level 2 bid information, the bids are stacking up in a big way. For the love of all things good; I hope it is not Jason Hommel on these bids! affraid

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PostSubject: Re: PACIFIC COMOX (PCM.v) or (PAOCF)   Thu Oct 18, 2007 7:53 am

bull do you know how paocf works? ive had it at 0.085 or the past two weeks but havent gotten any fills
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