3SOF

Just noticed this one shooting up with news released this afternoon:



Quite the news if its true

QuotePearl Asian Mining Industries: Significant Gold and Silver Deposits Discovered at the XYZ Gold Mine: Geologist Recoverable Yield Estimate 1.5 Million Tons, an Average Grade of 6.34 Grams/Ton Gold (AU) and 37.24 Grams/Ton Silver (AG) in 20 Hectares Only
Wednesday February 8, 2:02 pm ET
Estimated Gross Value of $327,930,000.00 at $500.00/Ounce of Gold and $19,444,300.00 at $8.00/Ounce of Silver

PASIG CITY, Philippines--(BUSINESS WIRE)--Feb. 8, 2006--Pearl Asian Mining Industries (OTC:PAIM - News) releases the summary report on the Geological Resource Studies within the 20 hectares of the XYZ Gold Mines Site Mineral Deposits.

The current tenement portfolios of PAIM are: (1) Small Scale Mining Claim Permit (SSMP) - 20 hectares, (2) Mineral Production Sharing Agreement (MPSA) - 720.00 hectares, (3) Exploration Permit Application (EPA) - 1,807.4773 hectares.

The recent exploration based on the Geological report of the Gil Apuya's MAYON Geological Company states that the present Geologic Resource of XYZ Gold Mine is about 1.5 million tons at a grade of 3.04 g/t-Gold (AU) and 19.96 g/t-Silver (AG). PAIM's team interpretation or projection as to mineable resource (projected to be mined or extracted) is about 446,592 tons at a grade of 5.13 g/t-Gold and 31.14 g/t-Silver. The mineable resources are categorized into low grade source of about 120,000 tons at a grade of 1.84 g/t (grams per ton)-Au (Gold) and 14.50 g/t (grams per ton)-Ag (Silver). The high grade source of about 326,592 tons at a grade of 6.34 g/t-Au; 37.24 g/t-Ag. These ores to be mined will be processed by heap leaching C-I-L and ELSA methods. The abandoned tunnels 3 and 4 are included in the projected high grade zone. The high grade zone or block of mineable resource of 326,592 tons using interpolation started from trench no. 1 at elevation 220 meters up to trench no. 4 at elevation 300 meters with a strike length of 400 meters. The 400 meters strike length was projected downward until elevation 160 meters, where abandoned tunnel no. 1 is situated. The average grade of the block of 6.34 g/t-AU; 37.24 g/t-AG were derived from the surface of tunnels 3 and 4 samples. The block grades were projections and will be confirmed once the tunnels are rehabilitated and sampled.

The estimates are based on projections derived from trench 1 down to tunnel 1 and possibly beyond tunnel 1 extending east and is subject for field investigation. Basing on the initial exploration results, the XYZ mineral deposit is an epithermal vein type deposit. The extent of the deposit at depth must be further studied through rehabilitation of old tunnels and core drilling to acquire more geological data and increase resource potential.

Forward-Looking Statements

This news release may contain forward-looking statements concerning the Company's business and future prospects and other similar statements that do not concern matters of historical fact. This forward-looking statement is based on the Company's current expectations. There are numerous factors that could cause results to differ and the Company's current expectations are subject to all of the uncertainties and risks customarily associated with developing business ventures. The Company's actual results may differ materially from current expectations. Readers are cautioned not to put undue reliance on forward-looking statements contained in this release. The Company disclaims any intent or obligation to update publicly these forward-looking statements, whether as a result of new information.

PEARL ASIAN MINING INDUSTRIES INC. (PAIM)
SUMMARY OF CALCULATION

TENEMENT PORTFOLIOS                            Area (in hectares)
-------------------

Small Scale Mining Claim Permit (SSMP)               20.00

Mineral Production Sharing Agreement (MPSA)         720.00

Exploration Permit Application (EPA)              1,807.4773

----------------------------------------------------------------------
                                                       Grade Per Ton
                                                       -------------
XYZ GOLD MINE                     (in tons)             (Au)    (Ag)
----------------------------------------------------------------------

Geologic Resource                1,500,000.00           3.04   19.96

Mineable Resource                  446,592.00           5.13   31.14

Low Grade                          120,000.00           1.84   14.50

High Grade                         326,592.00

Average Grade                                           6.34   37.24

I. ELSA METHODS               10,000 Tons/Month at 10
                                   Cu. Metric/Hr.
   NOTE: 12 Months X 10,000   
    Tons/Month                   120,000 Tons/Year
   1,500,000 Tons Divide                                             
    By 120,000 Tons                 12.5 Years
                                                       
II. INCOME RECOVERY           1KG = 32.1507 Ounces (Oz)     
   136 Kg/Month = 1632 Kg/Yr       
    = 52,469 Oz                     $500.00/Oz          $26,234,400 
   504 Kg/Month = 6048 Kg/Yr         
    = 194,443 Oz                     $8.00/Oz            $1,555,544
                                             

   A. TOTAL GROSS METALS CONTENT                        $27,789,944
   B. (Less 40% Direct & Indirect Expenses)            ($11,115,978)
   C. TOTAL PROJECTED NET INCOME                        $16,673,966

III. TARGET INCOME & VALUE OF
     THE MINERAL DEPOSITS OF
     1.5 MILLION TONS OF ORES

     12.5 Years X $26,234,400              $327,930,000.00 GOLD (Au)
      of GOLD (Au)
                                   
     12.5 Years X $1,555,544              $19,444,300.00 SILVER (Ag)
      of SILVER (Ag)                       
                             
                                     
     A. TOTAL OF GROSS METALS
        CONTENT                                     $347,374,300.00
     B. (Less 40% Direct & Indirect
        Expenses)                                   $138,950,920.00
     C. TOTAL PROJECTED NET INCOME                  $208,423,380.00

yup..i saw the news too..and the buys coming in so i bought at .0005.....then the mm's played games and faked me out..so i sold at .0006..then it jumped hysterically on the b & a there and pps went up...at one point the ask was .002..man! I almost cried.

So, i rebought right at close at .0009...it seems to be an easy mover, and news is decent...aslo had news of forward split a couple of days ago.

So..hoping this is a runner.

Tuesday, February 07 2006 5:00 AM, EST

Pearl Asian Mining Industries, Inc. Forward Split its shares 1 for 1000 and Re-Incorporated to Wyoming, now has New Stock Symbol -- PAIM Mining Writers / Business Editors

PASIG CITY, METRO MANILA, Philippines--(BUSINESS WIRE)--Feb. 7, 2006-- Pearl Asian Mining Industries, Inc. (OTC:PAIM), commonly known as "PEARL ASIAN" announces the decision of the Board of Directors to re-incorporate to USA under new Jurisdiction in the State of Wyoming and forward split its common shares 1=1,000.

Effective immediately, the Pearl Asian Mining Industries, Inc. (PRLGF) has changed domicile to the USA under the Jurisdiction of the State of Wyoming having the new Stock Symbol: PAIM.

The Wyoming jurisdiction includes the following assets: (a). 100% of the 12 Gold Mining Claims located in Vancouver Island, British Columbia, Canada (b). 3,000,000 Common Shares of ERDTF stocks; (c) 21+ acres of Hawaiian Real Estate lots located at the Hawaiian Ranchos Estates of the Big Island of Hawaii; (d). PAIM owns 100% of the Mining Operation Agreement (MOA) with the Pearl Asian Mining Industries, Inc. (PAMI) Philippines Corporation.

The Pearl Asian Mining Industries (PAMI)- Philippine Corporation is the 100% holder of the SSMP (Small Scale Mining Permit), mining claims which operate on 20 hectares of the XYZ Gold Mine Site. PAIM has a pending MPSA (Mineral Production Sharing Agreement), for the final Certification to mine over 1,800 hectares of the XYZ Gold Mine Site.

Further, all the PRLGF's existing shareholders and their holdings will remain the same as they are carried over to this new Wyoming Corporation. PAIM, the Wyoming Corporation has unlimited authorized shares and unanimously passed by corporate resolution to forward split 1=1,000. That for every 1 share is to increase to 1,000 shares effective February 14, 2006. This move is hoped to expedite the company expansion plans. PAIM's select and highly experienced Team of Engineers are aggressively continuing the development and building of the XYZ Operation Gold Finger Project.

The investment in PAIM's "Operation Gold Finger" XYZ Gold Project is currently on its exploration and development phases. The target production of its gold, silver & other precious metals is estimated to be in the 4th quarter of 2006. This XYZ Gold Project is planned to be a minimal risk, cost effective enterprise. It will serve as the gold mining model for further projects planned by PEARL ASIAN MINING INDUSTRIES as it continues to grow in the future. PAIM is prepared to bring good returns of investment (ROI) for all its existing shareholders. The Gold Rush of this 21st Century!

HUGE breakout today!

Too scary to get in now!

But I have seen these kind of break outs keep going up.

http://stockcharts.com/h-sc/ui

Lalitha

Another possible multi-bag right here 3 magic lines baby

applaud lalitha for the heads up

PAIM -- Penny stock for tomorrow

Hi
Today's high on PAIM is .032 - currently at very close to the low of the day at .0028!

Time to pick up some cheap shares in my opinion.

.003 is holding very well.

Lalitha

Quote from: Terliso on July 21, 2006, 02:15:39 AM
PAIM -- Penny stock for tomorrow

There u go..... I've been gaining a lot in penny stocks recently

up 30%

Quote from: Terliso on July 24, 2006, 02:29:32 PM
up 30%

Closed over 50% how'd you like that?

Hi

RSI is at 90 and I had a 73% gain, so I got nervous and sold half!

I will buy back tomorrow on the dips.

Lalitha

200% in 3 days

NEWS obviously came out this morning. But the stock is dropping fast!
       
Press Release Source: Pearl Asian Mining Industries Inc. - Philippines

Pearl Asian Mining Industries ''Operation Cagayan De Oro - CDO'' Estimated An Initial Resource of 100,000 Metric Tons Of Gold Ore With An Average Grade Of Over 16 grams/ton of Au (Gold) From The Small Scale Pilot Mining Operation
Tuesday July 25, 9:45 am ET


MANILA, Philippines--(BUSINESS WIRE)--July 25, 2006--Chief Mining Officer Cesar Rosales of Pearl Asian Mining (OTC:PAIM - News) reports: According to the assessment of Chief Geologist Reggie Selvano, he estimated an initial resource from this small scale operation of 100,000 metric tons of gold ore with an average grade of 16 grams/ton of gold (Au), using the 18 tons per day operation, 24 days per month at a very conservative figure of 90% Capacity with a 30% Overhead Cost per production.
PRODUCTION ANALYSIS OF INITIAL SMALL SCALE PILOT OPERATIONS:


Average Gold Assay:     =  16 grams / ton = 0.51 Ounces per ton (OPT)
(Note: 31.10 grams =
1 ounce)

Estimated Plant
Equipment Efficiency
Production:                   (18 tpd )                 (100 tpd)
                               ---------                 ---------
(use value of 90%)     =  18 tons per day X .90=
                           16.20 TPD                     90.00 TPD

  0.51 OPT X 16.20 TPD  =  8.26 Ounce per day (OPD)      45.90 OPD
  8.26 OPD X 24 days    =  198.24 Ounces per
   per month               month (OPM)                  1101.60 OPM

Estimated Price per
Ounce                  = $600 per ounce
  198.24 OPM X $600     = $118,944.00 / Month      $660,960.00 / Month

Gross Production
Amount Per Year :
  $118,944 X 12
   months               = $1,427,328 / Year       $7,931,520.00 / Year

Net Profit After Cost   = $999,129.60 / Year       $5,552,064 / Year
                          ------------------       -----------------
Consider a 30%          ($1,427,328 X .30=        ($7,931,520 X.30=
  Overhead                   $428,198.40)            $2,379,456.00)


There are stockpiles currently derived from the exposed veins which are going to be the sources of gold ores that can give the immediate good income of the company once processed and in full production in August, 2006, even from this small scale production of 18 tons per day operation.

Please note that this is a very conservative figure of just 18 tons per day capacity of the gold processing equipment to be used, with the mid average of gold reserves at 16 grams /ton, priced @ $600 per ounce. As production becomes profitable, it will be easy to exponentially expand production output, using the inexpensive methods currently being employed.

This does not include potential income from refining the gold concentrates of local miners through Pearl Asian's controlled subsidiary, Philippines Gold Mining Corp. (PGMC), as Pearl Asian Mining Industries has envisaged to operate on a full capacity of up to 100 tons per day within the next 6 months of continues production.

    IHUBsters are speading the word around the net::::

Everyone start the day off with sell orders of .10. No one sell for anything less.

I like the idea, what have we to lose, I'm in on the idea!!!

Quote from: Bigrod40 on July 25, 2006, 10:47:39 PM
IHUBsters are speading the word around the net::::

Everyone start the day off with sell orders of .10. No one sell for anything less.

I like the idea, what have we to lose, I'm in on the idea!!!

And what exaclty do u expect that will do?

This is what i think will happen.

Ok...so first off...if say everyone does put their sell orders at .10....who will be buying at that price? No one.  So then the ask will drop...drop not just becasue people will get impatient(as the bid will be much, much lower causing a huge spread), but because of course, there will be many people who place orders to sell way below .10...therefore causing the pps to drop..and it will drop fast, very fast...too fast..as there will be a scramble to get filled, so the pps will drop in big chunks of ticks and maybe a few people will get a decent sell price, but way below .01..not .10...the vast majority will not get filled at all. Soon we will be back to square one before u know it... and probably drive the pps down even further.

any other takes on that theory?

glta

Volume and price movement picked up in the last 15 minutes of trading to put in a nice daily gain.  Bought some on the spike.  Bullish sign: 50dma crossed the 200sma and now headed for the 200ema.  Any thoughts???