PEZ: Trade of the Week

Trader Tracks (08/13/2010)
"AMEC has developed a conventional open-pit mine plan for San Antonio and established a mine schedule for an 11,000 tpd gold heap-leach project. The ultimate pit includes 112 Mts. of material, including 31.1 Mts. ore and 80.9 Mts. Waste.

The location fits our criteria being in Northern Mexico, the company has over $12MM in cash and receivables and we've had an excellent meeting with President and CEO Gary Freeman, persuading us management is top drawer. These are 'must have' ingredients for success in these types of markets. We are convinced Pediment will be one of the junior exploration miners to receive a very warm welcome in the markets during the forthcoming gold rallies. Our stock shares' projections are: C$1.50–$1.75 during the fall of 2010, as a minimum. On or before a projected gold market peaking cycle in April, 2011, we predict the share price to be C$2.50–$3.50, with an opportunity for higher moves based on international global credit disruptions over the next eight months."

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