TSXV:PEM.P - Post by User
Comment by
grantster44on Mar 01, 2010 11:14am
216 Views
Post# 16829515
RE: PEM: Active down trend
RE: PEM: Active down trendYou must have scared someone. 60k ask @ 34.5
Let's say PEM doubles the indicated to 1.2 M oz's.
In comparison v.uw has 1.5 M oz's which is 43-101 compliant,trades@ 1.70 even though they have just 51M fully diluted shares.
PEM has just increased strike length 120% and aquired more property.I'm looking forward to the updated estimate as well as the anticipated 25k drill program.PEM has hit on all targets so far [ they havn't drilled much ]. They have a better understanding of the targets and like what they see.
Looking further ahead, It would be great to see the warrants exercised for $$ influx before they get on to bigger and better things such as Chrome Mountain.Don't mean to get too far ahead of myself here but there is plenty of opportunity going forward for 100% owned PEM.
Have a wonderful day.
grantster44