RE: RE: Posted on Korelin today!!!Correct, Al K, categorically denies having given three day notice. On the other hand, he promises to do so, if he is going to sell shares. Being that he's a been a friend of Del Steiner for over 30 years, I wouldn't expect anything less. Al K is still very positive about PEM as he stated in his radio interview this weekend. I just don't know why folks are saying that he gave 3 day notice, other that trying to get a stink bid to fly, or just being malicious. I don't know Del Steiner or Al K personally, and don't want to give that impression. I simply listed to the interviews, and have done my DD on this for a couple of drill seasons. Oh. I'e certainly talked with IR, and have listened carefully to ongoing commenst and emails from folks that have DDed with great diligence.
During this drill season, PEM doubled the strike length at Friday-Petsite. With RC infill drilling, they should prove up in excess of 1.5 MOz bulk surface mineralization. Not sure why we would be arguing over the fundamentals valuation here. Timing of purchase? If one bought in the 70s, I could understand some would be disillusioned. Unsure about the delays at Deadwood? The wait certainly hasn't helped the nerves of twitchy traders. I am certainly surprised that the labs have been this backed up. However with metal prices sustained higher, I'm sure demand is outstripping supply at the labs.
My real question lately, is who is actual curious (in the industry) The ultimate question for a scientist is "who cares" What larger company with a development/Production type footprint is watching, and waiting for Deadwood results just as we are? PEM has no operations/Development type management . How will they turn this enormous strike length into a production profile. JV(s), buyout, other? With what timeline? How will this property actual be developed? Large mill or possibly heap leach and ADR plant? We know the metallurgy lends itself to heap leach cyanidization from Buffalo Gulch testing years ago. Sure I have shares, and I would love to be sitting on profit vs a loss. I have a genuine curiousity about how this will "go to guns" and become a development project for the various zones. Will I sell some shares and take profit when I get the chance, sure. But I will sit on some also, its just a good story to follow.