TSXV:PEM.P - Post by User
Comment by
Hagioson Jun 18, 2009 4:02pm
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Post# 16082094
RE: RE: RE: PEM
RE: RE: RE: PEM"The majors aren't just watching PEM, they're watching scores of juniors with viable projects."
100% correct.
With a shortage of gold along with other commodities the larger mining firms are not interested in junior explorers but in companies who have NI 43-101 deposits, some sort of scoping or feasibility studies in process or completed which points the way to a reasonable expectation of becoming a mine.
Its fine to talk about the "Big Boys" and get all excited and twitchy however the reality is these companies can only function with deposits which feed their mining models for what is needed to keep there mills in operation. The bigger they are the bigger the deposit is going to have to be to attract attention and PEM is very far from that possibility in their exploration program which is just in its infantcy. Anything else is conjecture and a healthy dose of wishful thinking at best.
One in a thousand ever makes it to a mine. Lot's can happen between now and then. It is a process which takes years to complete. It is really unwarranted to be discussing any takeover.......of what? Let's get real here!
I read a suggestion about assays back in like a week. I know a months time is not unreasonable to wait for assays. Two weeks would be fantastic, but a week? In normal terms that would mean that hole # 1 assays should be out give or take mid July right in the middle of summer vacation time or they could be 'delayed' till September when the market would react more favourably.
GLTA