Your coaching-thoughts-opinions-corrections would be appreciated. . . . If now, or soon, we have about 1 million infered ounces at PEM's Friday Pet-site location (on only about 4% of their mineral rich Orogrande Shear property) what would the approximate share price value be?

At about $200 to $300 an ounce (unmined-untouched) 1 million ounces could have a gross value of about $200,000,000 to $300,000,000. Would the value equate to, at least, approximately $1.00 a share on the low end, to as much as $2.00 on the high end (net expenses)?

If mined and sold at about 1,300 spot price, with an industry average profit of about $700 an ounce profit, would the share price value be close to somewhere around $6.00 to $7.00 (profit after expenses at about $700 an ounce) ?

So, allowing for numerous over stated considerations by me, would the math support the view that the PEM share price (approximate ball park value), for it's unmined deposits, could be at least double the current price (based on the 1 million ounce infered), although not yet reflected in the current share price?

I'm aware that this particular location, along PEM's 30 mile long Orogrande shear property, is expected to identify a great deal more infered ounces as more tests progress. I realize actual share price depends on many considerations. I'm only trying to arrive at an approximate "possible" value range per share for just the Friday Pet-site location for the end of 2010 based on the approximate 1 million ounces believed to have been identified. Of course, by late 2011, the number of ounces are anticipated to have doubled again, changing all approximate share price value projections.

Thank you in advance for any insights.