Target Price on Premium Exploration Raised
Toronto, May 28, 2007 – eResearch analysts, Nigel Heath BBM (Accounting/Finance), CFA and Bob Weir, B.Sc., B.Comm., CFA have written an Update Report on Premium Exploration Inc. (TSX-V: PEM). Premium Exploration is a junior Canadian precious metals exploration company with activities in Mexico and the United States.
The Analysts conclude: “eResearch continues to recommend the shares of Premium Exploration Inc. as a Speculative Buy. Our revised 12-month Target Price is $0.55 per share (previously $0.30 in our Initiating Report of October 3, 2006). ”
In the Report, the Analysts state, “Premium’s strategy as a prospect generator gives management the opportunity to evaluate a pipeline of “pre-qualified” projects in Mexico, and take ownership when appropriate. This approach provides investors with a greater exposure to viable exploration opportunities and, therefore, a greater potential for value creation.”
The Analysts go on to say, “This little-known junior mining exploration company has yet to prove itself. We believe it has considerable potential given the promising mineral properties in Mexico, and also in Montana.”
Premium Exploration Inc. paid eResearch a fee of C$17,500 + GST to conduct research on the Company, on an Annual Continuous Coverage basis.
eResearch, which prepared this Press Release, is Canada’s primary source for independent, quality, investment research, focused primarily on small- and mid-cap companies.
The Analysts conclude: “eResearch continues to recommend the shares of Premium Exploration Inc. as a Speculative Buy. Our revised 12-month Target Price is $0.55 per share (previously $0.30 in our Initiating Report of October 3, 2006). ”
In the Report, the Analysts state, “Premium’s strategy as a prospect generator gives management the opportunity to evaluate a pipeline of “pre-qualified” projects in Mexico, and take ownership when appropriate. This approach provides investors with a greater exposure to viable exploration opportunities and, therefore, a greater potential for value creation.”
The Analysts go on to say, “This little-known junior mining exploration company has yet to prove itself. We believe it has considerable potential given the promising mineral properties in Mexico, and also in Montana.”
Premium Exploration Inc. paid eResearch a fee of C$17,500 + GST to conduct research on the Company, on an Annual Continuous Coverage basis.
eResearch, which prepared this Press Release, is Canada’s primary source for independent, quality, investment research, focused primarily on small- and mid-cap companies.
posted by Bob Weir at
5:09 PM
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