With only 14 sites to the north and 3 sites to the south currently shown on the Powerpoint to date as permits being received and possibly being able to drill the three remaining holes north of the current main resource to link the two, are two drills necessary this early in the campaign? Have all the access roads been made available to reach some of the outer permitted requests?
Are we absolutely sure that Ausmon and others with warrants will step forward without receiving assays back from initial drilling to the north? Premium is being very smart with their remaining 5.5 in cash and if it is not till after the warrants have been exercised in late April or early May then that is fine with me, others probably think it is better to roll the dice and let the chips fall were they may, but that is their opinion.
27 January 2011
5,750,000 Shares and 5,750,000 Warrants of Premium Exploration Inc.
Total: cash at end of quarter (item 1.22) 1,297,000
5,750,000 @ .30 = 1,725,000
