Soooo much information is pending release.
posted on
Nov 15, 2011 01:33PM
Ultimately Developing a District with Multiple Near-Surface Gold Resources along the +30 km Property in Idaho
Will the US Congress' so-called "super committee" fail or succeed. Will it make the stock markets sink or rise? Will it cause a US Fed. Res. QE-3 or not. Will the European Central Bank (ECB) resort to QE? There is more than one black swan circling above. Will the US and/or EU get rating's downgrades? Will this cause the stock markets to sink? How will PEM fare in all this? Would good news get lost in all the noise of the continuing financial, economic, debt, monetary crisis? Should PEM hold off with good news until some of the above is known on or after 11/23/2011 as it pertains to the US Congress Super Committee? Possible additional ratings downgrades? (Talk about being "on the horns of a dillemma"!)
We all have our own ideas as to what Del Steiner should release and when. As much as possible or as little as possible? Do it very soon or wait a month? If the stock market is do do a nose dive on or about 11/23 could PEM go down to .20? .15? Lower? Would it do so in spite of some good news? Most of PEM's sector is down. Most of the sector is experiencing an additional 30-90 day delay in getting lab results. Good news releases for most (but not all) juniors-explorers has not been of much, if any help to most explorer's share prices, with some exceptions. Meanwhile, for when this time frame passes, PEM continues to work, to plow ahead, to make progress, to complete more meters, to add more ounces. We'd love to know the grades.
There were 13 drill hole assay results pending as of when the last corporate presentation was updated in early October. Four for the Friday, six for the Deadwood, and three for South Deadwood. Since early October perhaps an additional eight or nine drill holes have been completed. Other things we hope to hear about are the usual such as Chrome Mountain. But there are many other things we should hope to learn more about. They might include updates on objectives, goals, progress attainment, new discoveries if any, the opening of the new on site office/camp, an increase in drilling plans for 2012, financing, staff increase, upcoming industry articles about PEM, etc.
Here is one overlooked matter and I consider this important: In a recent SEDAR filing by PEM it was written that PEM would endeavor to locate all the former Bema Gold's drill holes. If located, we all could get a nice gift. The report said ". . . PEM would attempt to locate and verify the Bema RC drill hole locations. . . the assay information is available and the Bema data could substantially expand the known resources. . . " I personally think it would be worth the time and effort to put a bunch of geologists on this project for a good long while. Find those old drill holes! Then add substantial additional ounces!
I, for one, do not think we will have to wait much longer to begin to see the trees for the forest. Hard as it is to wait for news, the longer we have had to wait the less time that remains till we all get to hear what we have been waiting for. But, what about timing? What about 11/23 and the possible effects on the markets? Will good news matter much, if at all, if the stock markets take a hit? This waiting, and not knowing has been a painful process for us all.
There is sooooo very, very much information pending release. My guess is that we will learn of something or another, sooner rather than later. Perhaps very soon or within a couple weeks? We shall see.
Some good posts have been made by many, and we thank you for taking time to do so.
This Bema thing intrigues me. . . find those drill holes. . . add ounces for free. Please.