If PEM's drill program prove a resource of at least 3 Million oz of gold then it's market
capitalization should equal EVG. That is 119.2 Million / 39.44 Million share or $3.02 per PEM share.

wow $3.02 a share based on a direct correlation of EVG that is in an early stage drilling program. No reason why PEM should be worth any less using apples to apples. If PEM should prove 5 million oz which i still think is conservative. Then a value of 5 million oz / 3 million oz times $3.02 per share would equate to around $5.00 per share of PEM. Those who are long PEM may see their share prices reach $5 in a few months. Jay Taylor is correct in saying this is the most undervalued mine in North America. No wonder the Majors are interested!

Stay tuned for the drilling results which I am sure is in the bag (sure thing). A corrected orientation of the drilling process will prove a much richer find with higher grammage of gold from the area with an already high grammage that has been proven. Assay results of the 2 visible gold (gv) samples due out anytime now.
The assay is sure to blow the socks off all of us. My prediction "over 100 gpt in some areas"

Also there will be news out about Buffalo Gulch and alot more over an incredible 28 km shear zone.