TSXV:PEM.P - Post by User
Post by
prospector7on Aug 24, 2009 1:36pm
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Post# 16244272
The Billion $$$$ ??
The Billion $$$$ ??I really like what this team is doing in many ways they have established a good width on the strike zone which shows mineralization to the bottom of the core samples. This is a very important first step to know the width my guess is that they will drill deeper with the next drill program and really start hitting some big strike zones.
A very good point to consider is that historically those old mines produced somewhere in the range of 4 mil OZs of pure gold. This is placer mines folks so there has to be a mother lode still intact in that host rock which I believe will be found by the A team as I like to call them. No wonder I read somewhere that they expect a resource of between 4 - 10 million ounces of Gold at Friday Petsite.
This is the reason every investment house in the country has a peice of PEM be on board when this one really rocks on. The more I look at PEM the better I like it. I might not wait until the next drill program to go down there and see for myself.GLA