Al or anyone:

Dumb question time………………..

What is the difference between a patented vs, an unpatented mining claim?

Thank for the update Al sounds good.

James

Premium Exploration is coming up roses? Isn’t this the same company and management team we’ve been hearing about for a couple years as to how terrific and hardworking they are? If we pull up a 2-year stock price performance chart, we see a high of around 75 cents. Now we think Del and company are geniuses because we cracked above a dime? Wow! Maybe our standards of a well-run, efficient company have deteriorated somewhat because of the individuals involved.

Yes, I’m thankful for today’s bounce. But it’s, in my humble opinion, a long way from coming up roses!

Let’s not lose sight of PEM’s properties. I chose this company not based on any analyst’s views – didn’t SEE any at the time! – but because IMO they have an outstanding resource. They are not well-covered…perhaps some advertising effort could help them?

I can’t emphasize enough the importance/significance of the NR by PEM today. I am not a geologist but it is spelled out pretty plain. The historic hole and the geological data collected points to a system that is connected and much larger than we thought…….or I thought anyway. Comments anyone?

Dan you are correct. The historic hole reported was a free step out hole from the Friday deposit along the Friday fault. 2.88gt over 32m is very rich minable ore.This hole would have contained much more intercept lenght if it was drilled deeper.But what this hole now tells us is Friday connected to the Petsite Stock would be a VERY VERY large system. We must also keep in mind that the North of Friday boundry has yet to be found. So as we can see this depoit took a very big leap yesterday to the South and has added a strike to a total of 4km. The contained gold in this strike is going to number in the millions of ounces and my number is north of 5 million.The market in all its wisdom sold the stock down on this news.But if PEM can prove up the type of deposit in the Friday foot print along the distance of the new strike of 4km as the historic step out and gold in soils suggest,then the stage to set PEM shares to a 20+ bagger and is only weeks to a few months away.I spoke with the company and they intend to drill Friday as soon as they get the all clear from the Forest Service in about 3 weeks.As for Osisko the hook is baited with yesterdays news.Some here worry about financing at low prices.Those that do, do not understand the enormus gold endowment we hold on the OSZ.PEMs record is 1 million ounce for $10 million in finding costs. This is the lowest in the business.But to add to the 5000m infill is expeted to add 1 million ore oz.Then the 3000m step outs to the petsite holes to connect the ststem as a total price tag of $1.5 million to do the 8000m program.That combined program suggests adding a 2 million ounce to the 1 million oz in Friday. In doing so PEM could prove up a 3 million ounce resource at a cost of only $5 per oz. If PEM wants to issue a BILLION SHARES yet produces finding costs of $5 per ounce the please issue all the shares the market can handle.I do not fear more shares in the market. I welcome it. Think PEM is porrly managed? Think again.

James

James