Actually only one part but everything is very good explain about this company:

http://www.321gold.com/editorials/moriarty/moriarty120511.html

I visited Premium Exploration (PEM-V) about 18 months ago. The company controls a 30 km shear zone in Northern Idaho. The entire valley has been placer mined over a hundred years ago. Driving down the highway tells you just how much gold has been taken out and just how much remains.

Premium is an exploration company. That is both its strength and its weakness. They have an oxide deposit they call the Friday zone containing a 43-101 resource of 1.22 million ounces of gold in the indicated and inferred category. It could easily be mined using heavy equipment and gravity separation equipment. But Premium is an exploration company. They want to explore the 30 km shear zone before selling out to a major. The area can be considered Target Rich they have so many high potential targets. But exploration takes a lot of money.

They need to be raising money for next year’s season and are caught on the horns of a dilemma. They can raise the $7.5 million now but it would cause a lot of dilution to existing shareholders. I’d rather see them monetize the Friday deposit by entering into some sort of production deal with a junior that wants to get into production and do the smallest raise possible. I think that once the tax loss season selling is complete, Premium will be among the leaders going higher. With 1.2 million ounces out and a $24 million market cap, investors are buying highly mineable gold for $20 an ounce. That’s nuts.

I hope that Del is listening to Bob, no Dilution any more and no Banksters sharks, we need some good JV becuase there is enough Gold for everybody! Great article, since Bob was at that conference where also PEM was, I hope that they have some very inetersting meeting and Bob propose to Del some good deal... Let's hope for the best and kick in the ass these all Manipulators.

GLTA