In an interview a few days ago with Eric King, John Embry said " . . . . one of the reasons we have not seen a lot of consolidation yet (in the precious metals sector) is that the seniors, who are sitting on a lot of spare cash, look at a lot of large over priced explorers who say they could have 5 to 10 million ounce possible projections. I just roll my eyes. There just arn't that many large ore bodies and I've been looking at this stuff forever (30 years). . . . "

It appears John Embry apparently thinks PEM has what it takes. . . He is the Chief Investment Strategist for Eric Sprott and the Sprott Gold and Precious Metals Fund which owns millions of Premium Exploration shares.