Int'l Speculator says buy "sleeper" Premier Gold

2009-01-27 19:50 ET - In the News

The International Speculator in its Jan. 2, 2009, issue, says buy Premier Gold Mines Ltd. at $1.62, officially, "Best buy." The newsletter said buy on July 3, 2008, at $2.48. An investment of $1,000 is worth $646.

The Speculator's writer goes over the press releases and notes that Premier gained little ground in December. He remains confident, however, the company will be able to bring a substantial number of those high-grade ounces up to 43-101 standards this year. Premier Gold is "something of a sleeper," but not for long. While a lot of other companies have made drastic cuts in spending, Premier Gold has opted to charge full-speed ahead.

Premier figures 2009 will be a good year for gold, and the companies making the most visible progress in gold exploration "will be the ones to reap the greatest rewards."

The company has budgeted over $14-million for exploration in 2009 alone.

If Premier's strategy is successful, the rewards should be spectacular. The current share price is a good entry point as a first buy. Once bought, look for Premier to sink below $1.50 and buy more, he says. "For a stink bid, we'd shoot for C$1.30 or even C$1.00 for a larger block."

Hg