I've been checking around. . . .asking questions. . . .
posted on
Feb 25, 2014 01:06PM
Ultimately Developing a District with Multiple Near-Surface Gold Resources along the +30 km Property in Idaho
Strategically thinking, what are the real possibilities for Premiun Exploration (PEM), as they are being thought about, as of today? A mine at the Friday Petsite is a real possibility with 70 to 75 ounces of gold produced daily; two years hence an open pit mine, or an easier to permit tunnel mine, at the Buffalo Gulch; and, in the interim, some drilling at the Friday Petsite and the Buffalo Gulch with some drilling at an unnamed, perhaps undrilled other yet to be revealed special location? Is it possible? Yes, it really is! Deductive reasoning says so while others hint at and/or address the possibilities.
The Friday mine could be profitable even if the price of gold (POG) was at $1,000 an ounce.
My unofficial back of the envelope calculations seem to be that PEM could (maybe, possibly) be worth somewhere near 1B$ between 2 & 4 years from now, if the POG is some where around $3,000 (+) an ounce. That would be if the Buffalo Gulch and the Friday Petsite were a mine and if the POG is somewhere close to what the experts say it should be.
Very importantly, if PEM builds a complete mining operation with all needed processing equipment, perhaps the processing plant could service all other nearby mining locations on the OSZ. If so, PEM could easilly be a billion dollar + corporation if the stars aligned just right.
Now, the icing on the cake could be if PEM could also drill and then open a tunnel mine at PEM's Chrome Mountain, MT property, if the assay results were good.
All PEM needs to do, for starters, is decide to open a small, but expandable tunnel mine at the Friday Petsite. If the numbers being thought about become a reality, then everything else after that becomes a real possibility if not a liklihood. PEM could be in the limelight very quickly and for years to come. The plan that PEM has been unfolding to the public seems poised to spring forward at quick intervals over the coming weeks, months and couple of years.
Sounds like a strategy. . . but, then again could it be a day dream, a figment of one's immagination for a sequel to the upcoming suspense novel, which is partially about the OSZ and Elk City, ID, titled "The Promiscuous Puppeteer?" The book is scheduled to be released this summer by Tate Publishing, Ltd. (Movie options/rights unencumbered). Learn more at http://www.walterbbiondi.com/ and like-follow at www.facebook.com/waltbb.
GO PEM!