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Gold/Mining/Energy : ICN.V
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From: james flannigan5/25/2011 6:55:24 AM
   of 22
 
From: james flannigan of 111

A few comments on Jay taylor regarding Premium.I was glad to see Jay Taylor pick up coverage of Premium.I made the call here on this board very much more early than Jay that it was my view that PEM will outline 10+ million oz at the Friday Monday zone as I feel both faults might be the same system.PEM has named Friday and Monday with two different names yet it may be only one large zone.Confusing the market with the two names may be corrected in terms of investors understanding this under the current phase 4 program.In other words it may be one zone.

We should expect to see some news at any time from the phase 4 program.I do expect that we may see some new coverage from Dr.M Berry in the near future as he is in Idaho this week to have a look at Terraco Golds 1 million oz discovery.I suspect he will make a visit to PEMs field office to have a look (my speculation only).

Changing the topic a bit I have been working on a new Nevada play called ICN resources.The first 4 drill holes were as I say off the charts with its open pit discovery Bonanza discovery.These grades are some of the highest over long intercepts I have ever seen.Jay Taylor points out that investors have to take positions in these plays very early before the markets bid the share prices up in a furry of panic buying.I too think that both PEM and ICN are in those camps.

I suggest investors take advantage of the weak prices between the next reporting of drill results due any time out now on these two names.

Both of these plays will be ten baggers in my view.

James
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