I still maintain my view that we have to be patient,In my opinion Management are making all the right moves,they have good hedging programs in place to cover the backsides, any increse in metal prices will almost certainley drive the share price up,I beleive PEM is extremley good value at approx 54 cents per share particularly when you compare them to other Zinc/Lead Companies in the ASX,Pem have made a profit of $28.513 Million for the 6 months ending 31st December 2010,they have $116.7 Million cash on hand,they have a P/E of 4.11,the sector average is 14.66,they have some very good projects cominy up like Mt Oxide etc,this is my opinion only,DYOR
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