PCM – Pacific Comox Resources Ltd

MOR.V

Is there any comment on this Moly play MOR.V at 0.24 now?

I found it is one in a group of three companies; Adanac Moly Corp, Goldrea Resources Corp and Molycor Gold Corp., all founded and chaired by Larry Reaugh.

Thanks

I am in on MOR.V this morning. Good drill numbers and good management.

Still hesitating on PCM...a poster on SH said this company has already a mill at their property in Ontario. Need to confirm~~

Metalman21, Good to hear that you are in MOR.V. You have had very good Moly picks lately. Would you share your target/opinion on this one with us? Your BLK looks good too. You soon will be a Moly-Guru.

http://www.bnn.ca/servlet/HTMLTemplate/!robVideo/robtv0726.20070322.00049000-00049294-clip2/h/220asf///

At 50 Min. and 15 Sec.


Thursday, March 22, 2007 6:30 PM ET

The Business News

Moly Mania Marches On !!!!!!

Stefan Ioannou, mining analyst, Haywood Securities

People like Moly

http://www.cnbc.com/id/15840232?video=223913663&play=1

This thing is moving today with huge volume...any news

Yep, Pinetree...

Pinetree Capital Ltd. Acquires Common Shares of Pacific Comox Resources Ltd.

TORONTO, ONTARIO, Apr 12, 2007 (MARKET WIRE via COMTEX News Network) --
Pinetree Capital Ltd. (TSX: PNP), announces that through a series of transactions ending on April 11, 2007, it acquired ownership of 2,000,000 common shares ("Common Shares") of Pacific Comox Resources Ltd. ("Pacific") through the facilities of the TSX Venture Exchange representing approximately 1.4% of the total issued and outstanding common shares of Pacific as of April 11, 2007. As a result of this transaction, Pinetree holds an aggregate of 12,029,428 common shares and rights to acquire an additional 3,571,428 common shares upon exercise of certain convertible securities (the "Convertible Securities"), which represents approximately 10.9% of the total issued and outstanding common shares of Pacific as of April 11, 2007, calculated on a partially diluted basis assuming the exercise of the Convertible Securities only.

These transactions were made for investment purposes and Pinetree could increase or decrease its investment in Pacific depending on market conditions or any other relevant factor.

About Pinetree

Pinetree Capital Ltd. ("Pinetree" or the "Company") was incorporated under the laws of the Province of Ontario and is publicly traded on the Toronto Stock Exchange ("TSX") under the symbol "PNP" and is included in the Standard & Poor's/Toronto Stock Exchange composite index. Pinetree is a diversified investment and merchant banking firm focused on the small cap market. Pinetree's investments are primarily in the resources sector: Uranium, Oil & Gas, Precious Metals and Base Metals. Pinetree's investment approach is to build a macro position in a sector, find the micro-cap opportunities in that sector and work with those companies to build them to commercial production and create an exit.

For more details about Pinetree and its investments, please visit our website at www.pinetreecapital.com.

This news release contains forward-looking statements within the meaning of the "safe harbour" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties and other factors that may cause Pinetree's results to differ materially from expectations. These include risks relating to market fluctuations, investee performance and other risks. These forward-looking statements speak only as of the date hereof. Pinetree disclaims any intent or obligation to update these forward-looking statements.

Contacts: Pinetree Capital Ltd. (Investor Relations Contact) Larry Goldberg, C.A. Executive Vice President and Chief Financial Officer (416) 941-9600 Email: ir@pinetreecapital.com Website: www.pinetreecapital.com

SOURCE: Pinetree Capital Ltd.

mailto:ir@pinetreecapital.com http://www.pinetreecapital.com

Copyright 2007 Market Wire, All rights reserved.

Could someone with knowledge of these things explain what all the exercising of the warrants will do to the share price. I have to admit my ignorance on this subject. I assume it will drive the price down...am I correct?

Pacific Comox Resources Ltd. Resumes Drilling at Ryan Lake
Friday April 20, 12:03 pm ET
- Drilling resumed on April 19 at Ryan Lake copper-molybdenum project
- Drilling continuing at Mabel gold-silver-copper project in Mexico
- 821,667 warrants exercised


TORONTO, ONTARIO--(CCNMatthews - April 20, 2007) - Pacific Comox Resources Ltd. (TSX VENTURE:PCM - News) reports that diamond drilling has resumed at its Ryan Lake copper-molybdenum project at Matachewan, Ontario. Infill drilling is continuing on the Carmelitas zone at the Mabel gold-silver-copper property in northern Sonora State Mexico.
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The first phase of drilling at Ryan Lake will be about 10,000 feet and will be concentrated on the South Zone where the 26 holes drilled to-date have reported copper-molybdenum mineralization extending 638 feet east-west, 700 feet north-south, and to a depth of 250 feet. The current program will test this area laterally as well as to a depth of 600 feet. The deepest production level of the underground mine was 442 feet when it was in operation during the 1950-64 period.

A total of 821,000 subscriber stock warrants have been exercised to April 16 at an exercise price of $0.10 per share. After the exercise of the warrants there are 140,455,485 common shares outstanding. Outstanding at April 16 are; 3,760,000 warrants exercisable at $0.10 per share expiring on June 23, 2007, 1,500,000 warrants exercisable at $0.12 per share expiring on December 21, 2007, and 53,336,817 warrants exercisable at $0.10 per share expiring on June 12, 2008. If all the warrants were exercised the Company would receive $5,889,682. The Company reports it is granting to directors, officers, and consultants options to purchase 1,400,000 shares at an exercise price of $0.19 per share for a period of five years subject to the acceptance by the TSX Venture Exchange. The Company currently has 4,200,000 options outstanding at an average price of $0.11 per share.

The funds from the exercise of the warrants will be used to advance the exploration programs at the Ryan Lake copper-molybdenum property, at Mabel in Mexico and for working capital.

Robert Hill P. Eng. serves as the qualified person (QP) for the exploration programs under the definitions of National Instrument 43-101.

Donald Empey, President

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Anybody in this or think this is a good company. The resources are there. I don't know about the mgt, but the chart says way oversold. This could be a good entry point. Also, I don't know their financial position. Any help here.

looks like it is closing the gap - any comments on this company would be appreciated.

PCM - Pacific Comox Resources (Copper/Moly & Gold/Silver)

Hi guys, sold this stock a while ago and the stock price has backed up a bit. It looks like a great oppurtunity for me to get back in with the positive news recently. But here's a brief description from their site:

Pacific Comox is focused on the exploration of the Ryan Lake copper-molybdenum claims at Matchewan, south of Timmins in Northern Ontario, and the Mabel gold/silver property in northern Sonora State Mexico.

Ryan Lake: Diamond drilling by Pacific Comox has outlined the potential for two copper-molybdenum open pits on a mineralized north-south trend about 2,000 feet long.

The first pit, at the south end of the trend encompasses the area of the former underground copper-molybdenum mine which was in production at 150 tons/day during the 1950-1957 period. In addition to the encouraging historical exploration results, evidence of the potential is illustrated by the results of Comox’s five diamond drill holes reported on September 19, 2005 including two holes on Section 10073E. Mineralization on this Section averaged 8.8 lbs/ton (0.44%) copper and 0.54 lbs/ton (0.027%) molybdenum over 110 feet.

The second pit is the former producing molybdenum open-pit, located 1,000 feet north of the first pit. To-date, six of the eight holes drilled by Comox in the area of this pit returned a near surface zone of higher grade molybdenum with an average of 2.0 lbs/ton (0.10%) molybdenum & 2.7 lbs/ton (0.14%) copper over an average length of 47 feet and starts at 15 feet from surface.

In addition to the encouraging exploration results to-date and the considerable exploration potential the currently operating barite mill on the property, and the other infrastructure should be a major advantage in advancing the property. The mill has crushing and grinding capacity of several hundred tons per day.

Mabel: Comox has outlined 6 areas of drill intersected mineralization (141 RC holes drilled). Two areas are summarized below:

•
in one of Carmelitas areas 15 holes returned 2 g/t gold and 68 g/t silver over average intersections of 3 meters, and encompass an area 210 meters north-south and 260 meters east-west,

•
in the Gate Zone, 14 holes returned 1.3 g/t gold and 70 g/t silver over an average interval of 4.1 meters, and encompass an area 600 meters north-south and 300 meters east-west.

Latest news on the bad day from junior mining stocks:

PACIFIC COMOX RESOURCES
Pacific Comox Resources Ltd: Infill Drilling Increases Average Grade of Carmelitas North Zone to 1.1 g/tonne Gold and 40 g/tonne Silver Over 4.4 Meters in 20 Holes
5/24/2007

Infill Drilling is Continuing on the Carmelitas Central and West Areas

TORONTO, ONTARIO, May 24, 2007 (CCNMatthews via COMTEX News Network) --
Pacific Comox Resources Ltd. (TSX VENTURE:PCM) -

Mabel Gold-Silver-Copper Property in Northern Sonora State Mexico

Company reports assay results from 24 hole infill drilling program on the Carmelitas North Zone of the Carmelitas area on the Mabel property in northern Sonora State Mexico. Three widely spaced holes on the zone had previously reported averages of 0.9 g/tonne gold and 24 g/tonne silver over 3 meters. In the current program 20 of the 24 holes returned an average of 1.1 g/tonne gold and 40 g/tonne silver over a 4.4 meter interval starting at 3.7 meters from surface (see Table 2 below for all assays).

Drilling is continuing on the Carmelitas Central and Carmelitas West areas. This infill drilling program will provide the drill hole data for a resource estimate on the Carmelitas and other areas of at/near surface gold-silver mineralization on the Mabel property. A summary of previous drilling on the major areas except the Micho copper/gold/silver zone is given in Table 1.

Table 1: Summary of Mabel Drill Results by Area (Previously Reported)-------------------------------------------------------------------- Number Thickness Gold Silver-------------------------------------------------------------------- Area Of Holes (meters) (g/tonne) (g/tonne)--------------------------------------------------------------------Carmelitas Central 15 3 2.0 68--------------------------------------------------------------------Carmelitas North 3 3 0.9 24--------------------------------------------------------------------Carmelitas West 8 3 1.2 49--------------------------------------------------------------------Ridge 10 3 1.7 35--------------------------------------------------------------------Gate 14 4 1.3 70--------------------------------------------------------------------Average 3 1.6 56--------------------------------------------------------------------
In the Micho area Comox previously reported in hole RC-62, 6 meters of 1.5g/tonne gold, and 51g/tonne silver followed by 23 meters of 1.1% oxide copper and 10g/tonne silver. Further drilling is planned to test the gold-silver anomaly previously reported to the west of the Micho drilling as well as more shallow and deeper drilling in the Micho zone area.

-------------------------------------------------------- Table 2: Mabel Property Mexico-------------------------------------------------------- Carmelitas North Zone Infill Drilling---------------------------------------------------------------------------------------------------------------- Hole From To Interval Gold Silver-------------------------------------------------------- Number (m) (m) (m) (g/tonne) (g/tonne)--------------------------------------------------------CTD-07-001 1 5 4 2.1 42-------------------------------------------------------- -002 2 6 4 1.5 82-------------------------------------------------------- -003 2 7 5 1.2 23-------------------------------------------------------- -004 11 15 4 0.9 17-------------------------------------------------------- -005 7 11 4 0.6 20-------------------------------------------------------- -006 8 12 4 0.6 29-------------------------------------------------------- -007 4 10 6 0.2 17-------------------------------------------------------- -008 1 4 3 1.4 74-------------------------------------------------------- -009 4 9 5 0.5 21-------------------------------------------------------- -010 1 8 7 0.6 19-------------------------------------------------------- -011 11 15 4 0.3 8-------------------------------------------------------- -012 2 7 5 0.9 18-------------------------------------------------------- -013 2 6 4 2.8 34-------------------------------------------------------- -014 8 11 3 0.6 13-------------------------------------------------------- -016 1 5 4 0.3 21-------------------------------------------------------- -017 2 7 5 3.4 102-------------------------------------------------------- -018 3 7 4 0.7 36-------------------------------------------------------- -019 3 8 5 2.4 85-------------------------------------------------------- -020 0 4 4 0.6 47-------------------------------------------------------- -021 1 4 3 1.8 143-------------------------------------------------------- 3.7 4.4 1.1 40----------------------------------------------------------------------------------------------------------------Holes 015, 022, 023, and 024 returned insignificantmineralization.--------------------------------------------------------May 23, 2007--------------------------------------------------------
The Mabel property is about a 2 hour drive south from Tucson. Robert Hill P. Eng. serves as the qualified person (QP) for the sampling and exploration programs under the definitions of National Instrument 43-101, reviewed this release and supervises the drilling programs. The geologist on the Mabel program is Cesar Lemas. In the 4.5 inch percussion drill program the product from the cyclone is bagged separately for each meter of drill advance. A split sample is shipped by Company personnel to the ALS Chemex laboratory in Vancouver B.C., an accredited laboratory.

Donald Empey, President

Apparently Pinetree bought a bunch of shares recently.
PINETREE CAPITAL LTD. ACQUIRES COMMON SHARES OF
PACIFIC COMOX RESOURCES LTD.
TORONTO, Ontario (April 12, 2007) – Pinetree Capital Ltd. (TSX: PNP), announces that through a series of transactions ending on April 11, 2007, it acquired ownership of 2,000,000 common shares (“Common Shares”) of Pacific Comox Resources Ltd. (“Pacific”) through the facilities of the TSX Venture Exchange representing approximately 1.4% of the total issued and outstanding common shares of Pacific as of April 11, 2007. As a result of this transaction, Pinetree holds an aggregate of 12,029,428 common shares and rights to acquire an additional 3,571,428 common shares upon exercise of certain convertible securities (the “Convertible Securities”), which represents approximately 10.9% of the total issued and outstanding common shares of Pacific as of April 11, 2007, calculated on a partially diluted basis assuming the exercise of the Convertible Securities only.
These transactions were made for investment purposes and Pinetree could increase or decrease its investment in Pacific depending on market conditions or any other relevant factor.

The stock price did not even move from the news back on Thursday. I don't know about everyone else, but I feel this is a great time for me to get back in. JMHO