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5/1/2012 7:01:49 AM
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I have asked some questions and taken up the matter with Del.I think it the new 43-101 is going to be a non material event now and that market rumors are false regarding Friday.If this proves to be the case then the stock is grossly over sold on rumors rather than facts.
As for the timing of the new 43-101 I think its in line as per the company time frame
The market is fretting over the 43-101 but there are many other JRs out there who do not have one nor the kind of high grade intercepts that the Friday deposits has delivered.I think the market has beat up the shares of PEM for no good reason and will deliver outstanding returns to those who are buying the stock at these levels.The last PP was done at 15 cents you now can have shares at 9 cents.Thats a big discount for a problem thats not there.The Friday foot print is now a 2 million oz target thats about $6 per oz in the ground.PEM at these levels is a no brainer.
I have been buying stock at these levels based on my conversation with the company.
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