Per PEM today:

PEM may be making a new news release by the end of this week or early next week on a drill test result. Hope for another good hit.

Friday Petsite may (as in possibly, maybe) end up having 3-5 million ounces on the high side and 1-2 million ounces on the low side. Whatever the final number, we will have a better picture when the two furtherest, at open ends, drill results are known. PEM speculates (unofficially estimates, and yes, hopes) the Friday Petsite could eventually ultimately be in the higher number range. This "picture" should increasingly solidify with each new drill test result. I was told that normally, average exploration drill results only "hit" on about 70% of drills. So far, PEM has hit on 100% of their drill tests at Friday Petsite. The Monday side of the Friday Petsite shear was said to have significant potential as well.

In my humble opinion:

The share value (if not yet the share price) keeks looking better to me as time goes by. Could the Friday Petsite, alone, not including the other multiple sites with a Friday Petsite signature, ultimately have a share value far greater than many of us have speculated about or calculated, before all is said and done, like PEM thinks is possible? In the interim, the next few drill test results, starting with the next one in a couple or few days, will help us all see things a little bit more clearly. Watch for hole 19. It is an important one. Maybe we'll hear about it in December.

Personally, I have been impatient with, the recent ebb and flow of the stock price, like most everyone else. The waiting is hard. But, we will know a lot more as time goes by. Then, if all continues reasonably well, our patience should be well rewarded. There are many on this BB with a wealth of germane knowledge, skill and ability. Does an ultimate, eventual, final 3-5 million ounces at the Friday Petsite sound to you as within the realm of reasonable possibility? PEM thinks so. I know, the evidence is not yet all in.

For those in the U.S., Happy Thanksgiving holiday to you next week.

marwal