Re: PEM in a new article on August 2, 2011

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Re: PEM in a new article on August 2, 2011

in response to

PEM in a new article on August 2, 2011

marwal

posted on Aug 04, 2011 08:38AM

Thanks for this article, I found 2 very interesting companies here in article and that are:

MAX(Midas Gold) - this is IPO and come actually last month on tsx as I can understand. Interesting that they are so interested in Idaho so they bought claims from Vista gold and they have already Market cap $350 M with 2 MOz Indicated and 3,37 MOz Inferred, so really dificult to understand that PEM is so undervaluated under $50 M Market Cap.

HL(Hecla) - they are actually longer time in Idaho and they are looking for some acquisitions.

This is interesting:

“We also think that we can bring our small-tonnage underground expertise to gold assets, and we think there are even some smaller openpit gold assets that could fit,” he said.

So, PEM can fit to Hecla but I hope that this kind of acquisition will not happened, it is to early, MAX even with more gold has just started and is already to expensive compared to PEM. Anyway good that Idaho is getting mor attention every day and one day we should fly like Yukon Gold Companies. And I hope that PEM will come to Market Cap of Midas Gold, I will be happy with that...