Question is why they didn't put this news before JV deal, we all know that PEM has great property but I am still thinking that we are screwed up here together with OSK, something is very wrong with JV deal, common 1,2 Millions up to 2 Millions and Logan will have 75% of that for only few Millions bucks, something is wrong. I am not sure if OSK is satisfied with that deal, let see if JV deal will ever come to reality. What about MAX, they said that they are interested in PEM, they could spend another $25 Millions of drilling and find nothing or just take over PEM and add 1,2 Millions to what they already have. What about SWC in all this story even if other players could take over Idaho and spin off Montana to new Company... So many uncertainity here, I am not sure that this story is finished. Yes, the only good point here that PEM with 1,2 Millions Ounces already proved could not be at these prices at all.

OSK took over some companies for US$45 per ounce of inferred resources which will implicate here:

1.2 * 45 = $54 Millions

with 144 Millions shares that is all together:

54/144 = $0,375 pps.

But let put some smaller numbers here, for example $30

1,2 * 30 = $36 Millions

36/144 = $0,25 pps, so yes we are totaly undervaluated and who ever wants to take over PEM now is the time, maybe Del wanted that and because of coming take over battle here are numbers that will be very important for take over players.

GLTA