Roger Wiegand, Trader Tracks (01/27/11)
"Premium Exploration grows an elephant in Idaho. One of our favorites gets hot on new drilling news. . .Highlights from news release on results from drill holes PFR201018 & 21: PFR2010_21: 1.5 g/t gold over 330.4m, including (starting at 29.9m) 7.0 g/t gold over 34.4m; PFR2010_18: 0.6 g/t gold over 345.7m (starting at 14.9m) 1.0 g/t gold over 38.4m, as well as 1.0 g/t gold over 39.3m.
Our one-year daily Premium chart shows the shares in a sideways channel between CAD$.40 and CAD$.55. Today's news jumped the price. . .so impressive this morning was the huge volume on over 2M shares—a signal the markets are beginning to more broadly appreciate this stock and this company. I must admit my eyes were opened a lot wider after my site visit last year following a property tour and detailed explanations from field managers.
This may have started out as just another junior miner in the eyes of some. However, considering the magnitude of the properties (collectively) and the good drilling news that keeps on coming, this is getting beyond just interesting. Mining shares and in particular these mining shares, in our view, have larger upside."
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