It all looks very impressive to me. PE around 5, strong and increasing, cash flow, holding about $90mil in cash, actively growing and expanding through aquisition and exploration, diversifying their resource base Lead, Zinc, Silver, Gold, Copper, Nickel and Lithium, cashed up major Chinese backer. I can't see many negatives here, I expect PEM's share price to gradually rise during 2011 and into 2012
Ann: Annual Report to shareholders , page-2
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