Re: Unreal!!!
in response to
by
posted on
Jan 26, 2011 11:08AM
Ultimately Developing a District with Multiple Near-Surface Gold Resources along the +30 km Property in Idaho
Yes, as MaxValueHolder said, it most likely "will be a great year in 2011."
Aside from expectations for computing the remaining drill assays from 2010 and the upcoming 43-101. . . . PEM said they plan to increase the number of drills from 2 to 4 in their 2011 drilling program. The potential resource increase, from approximately doubling the drilling in 2011 over 2010's results, should be significant (if drilling is done in the right places, of course).
Share price often does not equate to share value, as is currently the case. Gradually, in time, strong hands will skillfully and gladly absorb shares from weak ones. (I picked up an additional small amount yesterday). In my opinion, share price and share value will rise, but not in a straight line upwards. The ounces found will not disappear. Minable new ounces will surely be added. It is not unreasonable to expect to see share prices rise significantly in 2011, 2012, and beyond. I suspect more than one mining company will be keeping a very close eye on "our" resource increases above the 1m ounce threshold. I also suspect additional investment fund and institutional interest will continue to materialize in 2011. Once we cross the 1m ounce threshold and keep marching upwards we will become increasingly enticing to some of the juniors and majors. Some are likely already tracking PEM's progress (emphasis added).
Yes, MaxValueHolder, thanks for reminding us. 2011 will be a great year. From all that we know as of today, this story will likely only get better with the passage of time, barring some unknown, unforseeable, catastrophic, calamitous setback. I strongly believe we will be upwards and onwards from today's share price range. Give it time, let it cook. The feast will be worth the wait (IMHO).