Recent
Interviews
Please
find attached Greg McCoach?s recent interview with The Gold Report
(www.theaureport.com), and Gary
Freeman?s recent interview with Al Korelin of the The
Korelin Economics Report (www.kereport.com).
Both
interviews outline Pediment Gold?s
(TSX: PEZ; OTCBB: PEZGF) progression to date, and describe how well
positioned the company is to take advantage of Gold?s
ever-increasing role in the global economy. Greg McCoach describes why he favors the juniors over the more senior mining companies
and the ?new? criteria for
junior miners. Greg also details why Pediment remains number 1 on his Top
10 List. Please see Greg?s
comments on Pediment below.
The
Al Korelin interview outlines Pediment?s veteran management and executive team focused on
advancing the company beyond pure exploration. Please click the following link
to listen to the interview:
http://www.kereport.com/DailyRadio/daily030409.mp3
Mr.
McCoach's Comments:
TGR:
Let?s talk about some of the
companies on your top 10 list. Pediment Gold Corp. (TSX:PEZ) (OTCBB:PEZGF) is at the
top; can you give us an update?
GM:
Since they bottomed, Pediment has more than doubled. They?re hanging around the dollar trading range, which
some people have been disappointed with. But what I say is, look, Gary
Freeman, the CEO, is just weighing his options right now. He?s not making much in the way of
news. That?s okay. He?s lying low, he?s looking at his options right now, and this is a
company that is about to release a new 43-101 that will have more than 2
million ounces of gold in the ground. This is a verified situation. That?s a significant number
because once a company, a junior, crosses the 2 million ounce gold mark, it
gets on the radar screens of the majors.
Gary
has a lot of things he?s
weighing out. After the market meltdown, he decided to reduce costs, get things
trimmed down, and get the burn rate really low to conserve cash. So, in the
last few months there has not been much in the way of news. The company is
lying low for now, but I think you?re
going to see that change as PEZ announces their new 43-101 resource calculation.
At that point I think you?re
going to see Pediment start to have a lot of news flow, which should be very
good for the share price.
He?s
got the Baja property we just talked about that?s
going to have the new 43-101. I don?t
see how it?s not at least 2 million ounces based on
my back-of-the-envelope calculations, but you never know with these things
until they actually come out. I would guess it?s going to be over 2 million and there?s
plenty more to be discovered there In my opinion, this deposit could be greater
than 3 million ounces before all is said and done. Well, that?s a major discovery. It?s in the right jurisdiction, with very low
development costs and it?s in an existing mining
area, so it should do very well.
Now,
Pediment also has a project called La Colorada that
could be a near-term producer. It?s the old open pit
that El Dorado Gold Corporation produced
from, which really made El Dorado Gold what they are today?what
launched them?that discovery and putting it into
production. Pediment now controls it and other people are interested in it. Should
Gary vend it out
to somebody else, take the cash and run, or should he develop it himself? He
has lots of options. He has lots of cash. He has lots of great properties. Gary
has many different things he can consider at this point, so I think he wisely
just stepped back, started to look through everything that he has and what
options are available. We?ll
see what happens but the prospects for the company look very good.
I?m
sure there?s been interest by majors already on the
Baja Project. He?s probably
gotten plenty of calls, where the majors are already saying, "hey, look,
what if we just take you out at this price?" Is it high enough? Is it
worth taking the money now and running, letting somebody else deal with it? Or
is it better for the company to go down the road a little bit further, develop
it themselves in the hopes of getting a much higher price later on? These are
things we all have to weigh out. Is it better for us as shareholders to take
the money and run right now, even though we might get a lower price for it? Or
should we wait a little bit longer, and get a higher price when they develop
it? These are things we have to look at. So, with that being said, in my
opinion, as we see these higher gold prices and with the news that?s about to come out, I think Pediment?s a two dollar stock in the next six to eight
weeks.
The views expressed
by Greg McCoach
in ?The Gold Report? interview
and elsewhere are his independent views, and may not be aligned with the views
of Pediment. For more information on Greg McCoach please see: www.miningspeculator.com.
Investors are encouraged to contact an independent registered investment dealer
if they require any assistance with their investment decisions.
Please
call us at 604-682-4418 should you have any questions, or would like more
information about the company. You can also visit us at www.pedimentgold.com.
Thank
you,
Michael Rapsch
Investor Relations
(TSX: PEZ, Frankfurt: P5E)
#720 - 789 West Pender Street
Vancouver,
B.C., V6C 1H2
P: 604-682-4418
F: 604-669-0384
Website: www.pedimentgold.com