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Welcome To The Premium Exploration Inc HUB On AGORACOM

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

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Message: Taylor says buy Premium Exploration

http://www.stockwatch.com/News/Item.aspx?bid=Z-C:PEM-1999035&symbol=PEM&news_region=C

And this is from James:

Barrick vs Osisko = Premium

As most investors know Barrick is now the worlds largest gold producer.But there was a day in the earky 80s that Barrick was a tiny little penny stock exploration company.But Barricks Peter Munk was not your average pump and dump stock promoter.He was in fact a man of vision who from the get go wanted to build his tiny company into the Giant it is now.But Munk knew that finding gold deposits took on lots of risk and time to get up and running from discovery to production.This was ok at first but if you wanted to win the race you needed to buy up discoveries after the time was taken by other JR companies to find them.While Munk stated exploring at first the he could see that finding deposits took too long it was better to buy them.So ABX started out as an exploration company but ened up a consolodation of multiple companies as it is today.ABX does very little exploration to top up its reserves,it buys them now.It can afford to.

On the other hand Osisko Mining is on track with a mandate to its shareholders to become a large mining force in North America.Osisko was a few years ago a tiny exploration company with a dream to find a large gold deposit and start to take the first steps to its mandate.They did do it,they found the Canadian Marltic 10 million ounce gold discovery.In doing so they had to buy a town and move it because the gold was under it.Most JR companies would have walked away for this situation but not OSK.They did in fact do it all the way and now have the ownership to the title of Canadas second largest gold mine in production today with Detour being #1.

So what does it mean that OSK just set up a US exploration office in Denver? OSK thinks the US still has large undiscovered gold mines yet to be found.To become a major mining force in Amreriacs you need to buy large gold mines or go find them.OSK is not Barrick (YET). OSK knows if they can get on ground were large gold deposits are present it is much cheaper to find a 10 million ounce deposit than to but one.A 10 million oz proven deposit can range into the billions of dollars on the open market.But for only a $50 million dollars price tag a deposit of world class can be found through in house exploration.

To become a rapid force in mining you need ground that can make mulitple world class mines such as the Carlin has did for many mining companies.So the question begs if OSK wants to become a multiple milti million ounce gold producer were can it find that kind of ground?

Enter Premium Exploration. The ground PEM controls is a Shear Zone.Shear Zone are in fact the best kind of ground to find large gold deposits.Due to extensive fracturing of faults the stock work intersections are known to be highly endowed with gold and silver.In the case of PEM the mapping shows over 200km of such fractures.So we seen in the past month OSK has taken a placement of 7 million PEM shares. Why? Well OSK sees that PEMs Orogrande Shear Zone is the kind of ground needed to reach its mandate.

In closing the market place has not seen the interest and the meaning of such a small event of OSK buying into PEM.But in the early days of Barrick the market did not see Munks vision for Barrick.So I would suggest we are going to see OSK get very involved over the next few months in PEM.

I rate PEM a strong buy with a $1 price target over the next 12 months.

James

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