Taylor says buy Premium, wait patiently for gains

2011-11-30 18:10 ET - In the News

Jay Taylor, in the Nov. 21, 2011, edition of Gold, Energy & Tech Stocks, says buy Premium Exploration Inc., recently 23 cents. Mr. Taylor said buy on July 15, 2008, at 27 cents. He said sell on Oct. 16, 2008, at 18.5 cents. Assuming a $1,000 investment at 27 cents, selling at 18.5 cents yielded a $334 loss. Mr. Taylor said buy three more times from June 19, 2009, to May 20, 2011, at prices ranging from 23 cents to 60 cents. Assuming a $1,000 investment for each of the three new buys, the $3,000 investment is now worth $1,809. Premium has drilled 18 holes at its Idaho Gold project's Friday zone. Based on the assays, including 124 metres of 0.5 gram per tonne gold, Premium says the Friday mineralization could stretch across the zone's entire strike length of 5,000 metres. Mr. Taylor says Friday could host between 2.5 million and three million ounces of gold. What excites the editor even more is the potential of the entire Idaho project, which spans 30 kilometres north to south. The editor mentions that Industrial Alliance Securities' target for Premium is $1.15, and Fraser Mackenzie's is $1.70. He says, however, the stock will not rise quickly because of the current market decline. Buy, and be patient