PACIFIC COMOX (PCM.v) or (PAOCF)

md1 wrote:

Bull

Is PCM your largest holding still?

and do you feel it has the most potential out
of all the depressed juniors out there?

Thanks for your reply!

Yes, and yes.

hope you dont feel like im attacking you... just trying to force your thoughts on on the JH forum


feeling a little regretful at pcm - small part because of the price but im realizing more and more there is liquidity issue on the pink sheets. i cant get out of cyp right now for a gain. im afraid it will happen with pcm when the time comes.

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...liquidity issue on the pink sheets. i cant get out of cyp right now for a gain...

Please explain. Are US shares for these Canadian stocks created as needed? See: http://www.todaysfinancialnews.com/stock-talk/index.php?topic=117.0

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OTCBB and Pink Sheet shares of foreign companies are often cheaper than ADR shares, since they aren't bundled, and they follow the price of the company's shares on the foreign exchange.

As for CYP, it is too early to sell. Look at where its neighbor GEA.TO was priced before they hit their gold.

Both CYP and PCM are really priced like options. Except they don't expire like oiptions (they are subject to dilution, instead). The 3 to 1 ranges are just breathing room for these stocks; only a hint of what is yet to come.

There are definitely liquidity issues on PinkSheets when a stock is in the toilet or moves-up fast. I was exchanging e-mails with someone trying to dump their Azteca shares and could get no bid anywhwere near the TSX price. The last time PCM ran-up fast, I sold some and my results sucked compared to TSX.

I think the liquidity will be much better only when there will be a constant uptrend in the market - or when a specific company hits the jackpot - like
Noront did.

I also checked out PCM website today - looks like they put an effort to make it look prefessional-

New Presentation

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

Also, a new more professional website.

http://www.pacificcomox.com/index.html

Presentation:
http://www.pacificcomox.com/investor...ate-review.pdf

http://cxa.marketwatch.com/tsx/en/ma...spx?symbol=pcm

The stated goal for the initial resource estimate at Mabel is 2,000,000 tonnes @ 1.5 g/t Au, and 40 g/t Ag. I know it will be higher than that, both in grade and in tonnage. But then, I have done a lot of work to come to that conclusion.

Anyhow, what does this mean? Some simple calculations bring about the following:

-2 mil x 1.5g Au = 96,774 oz Au

-2 mil x 40g Ag = 2.58 mil oz Ag, or 48,679 Au Eq @ 53:1 Ag/Au

-Total of 145,453 Au/Eq oz's

-Initial production starting 4th quarter 2009 @ 20,000 oz/365 days.

-Initial mine life of 7.27 years. Personally, I believe the resource calculation will give us closer to 10 years initial mine life.


Let it not be said, that I never told you to buy PCM.v

...ah well, end zone celebrations aren't designed for large crowds.

can you put my email mshen11@hotmail.com on the list you mentioned? thanks

mshen11 wrote:

can you put my email mshen11@hotmail.com on the list you mentioned? thanks

Yes.

thanks bull got it.

question - how are you sure don's capex estimate will be upper range? wouldnt you say it may even exceed that by far?

let me give you an example - if youd ask me las tyear how much i would spend per week on my car in one year, id say no more than 180$... and back then i was maybe paying $130ish. now gas prices shot up by 40%+ making my estimates on target... but i didnt include the minor stuff - insurance also went up, tires cost also went up, oil change, batteries.... little things that one doesnt normally think of. all my budgets/estimates from last year are out of wack - maybe thats me being bad at budgeting but i know many people are hurting.

inflation. thats why i believe in silver (knock on wood) despite toning down the enthusiasm on JH forum

mshen11 wrote:

thanks bull got it.

question - how are you sure don's capex estimate will be upper range? wouldnt you say it may even exceed that by far?

let me give you an example - if youd ask me las tyear how much i would spend per week on my car in one year, id say no more than 180$... and back then i was maybe paying $130ish. now gas prices shot up by 40%+ making my estimates on target... but i didnt include the minor stuff - insurance also went up, tires cost also went up, oil change, batteries.... little things that one doesnt normally think of. all my budgets/estimates from last year are out of wack - maybe thats me being bad at budgeting but i know many people are hurting.

inflation. thats why i believe in silver (knock on wood) despite toning down the enthusiasm on JH forum

Don believes in Doubling expected costs, and dividing expect profits by 2, as do I.

There are no quarantees, but $10 million is an awful lot of money for the things they will need to buy. Lets say $20 million for capex. Thats still only 1x first years revenue. Not too shabby, at least in my books.

doubled/halved his estimates from... last year?

mshen11 wrote:

doubled/halved his estimates from... last year?

No.

What I meant is, if Don thinks Capex will be $5mil, he will tell us $10 mil.

I do this too. If I expect to make $20,000 on a contract, and guess my costs to be $2,000, then I ask myself - would I still make money if my costs doubled, and my payment was cut in half. In this case, my costs would jump to $4,000, and payment for my services would drop to $10,000. So I would still make $6,000.

Its just a way to stay within safe estimates.

When you go into any venture, you should ask yourself if you will still do good if you double your expected costs and cut your expected gain in half. Thats all.

Any news on Pacific Comox? It is heading towards $0.01...

Thanks

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Any news on Pacific Comox? It is heading towards $0.01...

Duck-N-Cover, I miss your posts!!!

I know this forum is slow. And its been a long time from your usual visits. But "PLEASE DON'T" leave!

P.S.

Daddy says: A $.01 saved. Is a penny to give to the I.R.S./Government!

bull...

are you still as optimistic about PCM (and juniors) as you were 6-12 months ago?

anything different going on w/ PCM thats not in the mainstream news?

mshen11 wrote:

bull...

are you still as optimistic about PCM (and juniors) as you were 6-12 months ago?

anything different going on w/ PCM thats not in the mainstream news?

Far more so. But no-one really wants to hear about it. Juniors are priced cheaper than they were during the Dot.com crash, and the world needs them as much or more than they did back then. When the people that know these companies best start to become disgusted by them, then you know it must be time to be long as the shadows at sunset. Fear can only exist for short periods of time. I think that time is nearly over.

As far as PCM.v goes, no, other than the progress they are making with drilling and metallurgy, there is not much in the way of undisclosed info that I have. I would naturally save that for paying subscribers if I did.

mshen11 wrote:

bull...

are you still as optimistic about PCM (and juniors) as you were 6-12 months ago?

Btw, if you are looking to use me as a contrary indicator - forget it!

I didn't retire at 35 by being totaly stupid...luck played a part role.

C$2.5M MC today...less than the price of a decent-sized Silicon Valley house!

Bull,

Which do you think is the best bet for a lottery ticket from here - SEG.TO or PCM.V? I am leaning towards PCM.V I guesss. Hard to imagine such a low market cap for PCM.V.

RandyH wrote:

Bull,

Which do you think is the best bet for a lottery ticket from here - SEG.TO or PCM.V? I am leaning towards PCM.V I guesss. Hard to imagine such a low market cap for PCM.V.

I think you can buy PCM.v for 2c, and then set an automatic sell order for 10c. One day you will turn on the computer and have your 5 bagger.

SEG looks very good to me as well. I talked with Terry yesterday, and did an update in the subscribers area.

Well, guess you can't buy PCM.v for 2c anymore. You just wait till it hits the fan again! 300% like nothing! How many times has PCM.v skyrocketed in the past, again?

dont be selling it down bull!

mshen11 wrote:

dont be selling it down bull!

I have a mandate from friends and family not to sell below 10c.

I may sell a little in my own account when she blows, but not much...too many good things coming soon.

Same question here as I had posted in the SEG thread.

PCM at .02 cents.
Is the bottom at hand or will they go under??

Looking to add if this is the bottom

Cheers

I just got a low quality video from Ceasar Limas in Mexico, but very intersesting stuff. I wil post it in the paid subscriber area as soon as I can figure out how to change it to a postable format.