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Ultimately Developing a District with Multiple Near-Surface Gold Resources along the +30 km Property in Idaho

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Message: Re: A Pregnant Pause in news

Mar 28, 2011 09:19AM

As we wait for some good news here is very good post from another forum:

From: james flannigan

Investors should have a look at the latest news Mar 22 from PEM. The Dipole Dipole survey clearly shows what is a resistivity structure of ore in the Deadwood and Buffalo Gulch.This is a confirmation that related to the data in the Friday Petsite and Monday faults.

With soil samples in some areas of over 2 gt per tonne in Deadwood and Buffalo it is almost given that drilling into these structures will produce long intercepts of high grade ore.With each news event out of PEM a picture starts to emerge that this play is going to advance at a rapid pace.

Now that drilling has started investors can expect a steady stream of good news out of PEM over the next few months.This then leads to the question is the stock still worth buying after the recent run up? The simple answer is yes.The Friday Petsite I calculate to be worth $1.50 per share in terms of the 1+ million oz pending 43-101.One must also remember the wildcat 300m and 900m stepout holes will not be part of the new 43-101.But those holes clearly tell us that much more gold is hosted in the Friday Monday zones.

Any new discoveries drilling north and south of Friday will only add to the resource.We must also keep in mind PEM has not yet cut the lower block and many holes have bottomed in what looks like economic ore.

As for Deawood and Buffalo Gulch those zone are icing on the cake and blue sky for the rest of this story.

Conclusion Buy all you can at this price.don't worry about were the stocks was in the past.focus on were its going.And that my fellow stock owners is much higher.

GLTA!

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