Taylor refreshes Premium Exploration buy

2009-08-31 17:22 ET - In the News

JayTaylorin the Aug. 17, 2009, edition of Gold, Energy & TechStocksrefreshes his buy recommendation for Premium Exploration Inc.,recently28 cents. Mr. Taylor said buy on July 15, 2008, at 27 cents. Hesaidsell on Oct. 16, 2008, at 18.5 cents. A $1,000 investment at 27cents,sold at 18.5 cents, would have yielded a loss of $334. Mr.Taylorupgraded Premium Exploration to a buy again on June 19, 2009, at23cents. A $1,000 investment at 23 cents is now worth $1,217.PremiumExploration holds the Petsite/Friday project in Idaho, whichhosts aNational Instrument 43-101-compliant resource of 581,890 ouncesofgold. Mr. Taylor notes Premium Exploration's share price droppedafterthe release of drill results from Petsite/Friday on Aug. 6, 2009.Thenewsletter writer thinks the drop is a good opportunity forthosesubscribers who do not already own this stock. He expects theresourceat Petsite/Friday to increase, which could move PremiumExploration to$1 or higher. The company also holds gold, silver andplatinum groupmetals projects in Montana and Mexico.