500 USD/OzI am a swedish investor that has bought a significant amount of PEM shares at 0.6 CAD. I also bought heavily into ATAC resources at 0.7 CAD and had the same feeling then as with PEM now. You know the story, ATAC became a ten-bagger within a year. The same will happen to PEM, trust me on that!
Several posters have stated that PEM should be valued at approx 100 USD/Oz. That is absolutely wrong, just look at recent buyouts! Newmount buys Fronteer gold for 500 USD/Oz. Several other big buyouts has occured at similar valuation, see link:
https://www.istockanalyst.com/article/viewarticle/articleid/4869844
All of these buyouts was big systems that the majors considered had blue sky potential = just like PEM. Cant we agree that PEM should have a similar valuation if they can confirm that the Orogrande Shear Zone contain several deposits?
Just think about it: If they can confirm a total of 10 milj Oz and be bought out at 500 USD/Oz, the buyout would be at approx 50 CAD!!
That is not daydreaming, a matter a fact i think it will be a reality in 2-4 years. I strongly believe that PEM will be a life-changer for me and i will not trade or sell this stock.