PEM All Set

COLIN JONES, Dundee Resources (09/27/2010)
"PEM has consolidated a very interesting area with potential for significant gold resources. Because of this, the company was able to raise enough cash to carry out a comprehensive drilling program. Other juniors in the region do not have such good potential and are restricted to relatively small work programs. In addition, PEM management are very familiar with the area and are committed to the project. . .PEM's cash position must be approximately $7.5MM, which is sufficient to complete the current drill program. . .Apart from the normal exploration risks, there do not appear to be any unusual risks associated with the project. With the price of gold set to keep increasing and the sorts of results that we anticipate, I expect PEM's stock to continue to increase in value. . .In the coming year, shareholders will be able to look forward to continuing impressive drill results"

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