TSXV:PEM.P - Post by User
Comment by
Elevatoron Oct 16, 2013 7:36am
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Post# 21818975
RE:RE:RE:PEM has gone and dunnit...
RE:RE:RE:PEM has gone and dunnit...1.2 oz of indicated and inferred. By definition in the Canadian mining handbook inferred and indicated resources are uneconomic to produce.
this what is so dangerous. Investors not knowing the difference between reserve and resource and the different classifications.
The fact that PEM never converted and resource to measured resources is a red flag and why large investors have stayed away.
knowledge is power...read up on these classifications so you do not get fooled again.