Some toughts

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Ultimately Developing a District with Multiple Near-Surface Gold Resources along the +30 km Property in Idaho

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MaxValueHolder

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Some toughts

posted on Nov 25, 2010 06:57AM

I read some Quotes from Gold Report about PEM. When You are reading these reports than it is so obvious that this company is totaly undervaluated:

Colin Jones, Dundee Resources (09/27/10)

"PEM has consolidated a very interesting area with potential for significant gold resources. Because of this, the company was able to raise enough cash to carry out a comprehensive drilling program. Other juniors in the region do not have such good potential and are restricted to relatively small work programs. In addition, PEM management are very familiar with the area and are committed to the project. . .PEM's cash position must be approximately $7.5MM, which is sufficient to complete the current drill program. . .Apart from the normal exploration risks, there do not appear to be any unusual risks associated with the project. With the price of gold set to keep increasing and the sorts of results that we anticipate, I expect PEM's stock to continue to increase in value. . .In the coming year, shareholders will be able to look forward to continuing impressive drill results"

Adam Marchionni, Industrial Alliance Securities (09/22/10)

"On September 20, 2010, Premium Exploration released the results of six additional holes from the ongoing 10,000m Phase-3 drill program at Friday-Petsite. . .all six holes intersected long intercepts of ore-grade material. These six drill holes, together with the six previously released Phase-3 holes, have increased the strike of the lower block from 100m–300m, essentially doubling the down-dip extension of the current resource from 150m–300m. The deposit remains open along strike to the north and south and at depth.

Based on drilling completed to date, we have derived a conservative back-of-the-envelope estimate of the resource zone of 28.5–33.5 Mt. with an average grade of .94–1.14 g/t for 0.85—1.2 Moz. Au. Moreover, these results reaffirm our view of the potential for the expansion of the Friday Zone and we reiterate our conservative blue-sky estimate of the open-pit mineable resource at 1.5–2.5 Moz."

With price of Gold1350$ this stock should be trippled from here somewhere round $1,5. It is so stupid to read some comments that sp should drop under 40 Cents, 50% of shares in strong hands, most of others are with average price in this range, so only few shareholders will maybe sell and then buy for much higher prices later and who cares about them, this is the best time to add more PEM before next run up that should go above 1$ direction $1,3.