In Casey Research, on Friday, they reported that Agnico Eagle bought out GYD which has about 1.1m ounces (43-101) in Mexico. GYD is about 70 miles away from an Egnico mine. Said to have paid a 65% premium for GYD. The grades of the 1.1m ounces seems to be about 1 g/p/t/ (+or-). The share price had been at about $1.50 before the buy out was announced. Upon announcement the share price went up to 2.75 and is now near 2.50 a share.

If GYD's 1.1m ounces were worth about $1.50 to 2.50 a share, I wonder what PEM's 1.2m ounces are "really" worth? And, how about all the new ounces the step out drilling is finding in the 1,500 meters drilled so far? And all the remaining 3,500 meters along the Friday? And the remaining cross-cutting potentential mineralized structure in the Friday Zone? Then there is still the X, the Monday, the Deadwood, the Lucky Strike, and the Buffalo Gulch zones. All now selling at about .30 cents a share ???? PEM's share price is crazy, shockingly, mind bogglingly cheap!