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Message: MT spin-off not a done deal. . . not yet anyway.

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marwal

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MT spin-off not a done deal. . . not yet anyway.

posted on Jan 31, 12 09:40AM (Log in to use the IP Check tool) ^[?]

Taken from The Platinum Investor News, (based on a PEM news release last Fall), note the words ". . . . Premium is re-evaluating the Chrome Mountain Property and reviewing strategic alternatives. . . " This means PEM is reviewing their options with regard to more than one alternative for the disposition of our Chrome Mountain property's future. The Technical Report, from the independent property review, should be completed and in Del Steiner's hands. PEM's Board will soon make a decision whether to persue a spin-off, a JV, or a sale.

The article:

Premium Exploration Inc. (CVE:PEM,OTC:PMMEF) reported it has started a property review of the Chrome Mountain platinum group metals project.

The press release is quoted as saying,

In light of a strong long-term outlook for platinum, palladium, rhodium, and base metals, Premium is re-evaluating the Chrome Mountain Property and reviewing strategic alternatives for optimizing shareholder value while focusing on the successful exploration and development of its district-sized Idaho Gold Project.

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