Well today another acqusition in Gold sector, Newmont will acquire FRG. And that will be for $14 pps. They have similar number of shares and has total attributable Measured and Indicated gold resources of 4.2 million ounces and Inferred resources of 1.7 million ounces.

So if PEM can prove half of that during next 2 years sp must be at least round $7, that is when you are looking for longer term and not day to day movement, company has enough cash and with 2011 drilling can even come to 3MOz so this is 10 bagger stock if you can wait to unlock the real value of property...

GLTA!