We have reviewed adnoseum PEM's potential against several other similar companies-competitors. We continue to see far greater potential than 90-95% of the explorers-developers. Some in PEM and on the boards have made educated guesses at an eventual potential of a 1 billion dollar (+) market cap (in a couple or few years) with share price in the $5 to $10 dollar and even eventual much higher (perhaps 20 to 30 dollar) price range. Buy out and/or JV opportunities could begin to surface in 2011 and 2012 with share price based on assumptions for eventual resource potential. Such considerations are already occuring with "a steady stream of juniors and majors having visited PEM's HQ" in recent weeks. This could, in time, place PEM share price at a very high metric, depending on variables. Many solid comparisons exist to support this possibility. The OSZ isn't going away. The ounces will increase month by month, year by year. We have decided that selling shares upon the upcoming 43-101 news release would be short sighted for us. No doubt, other investors and big institutional investors are on board for the long run as well. Immediate gratification can be rewarded upon the 43-101 announcement. But, we here have decided to consider PEM a rare gem with potential far-far greater than the pending 43-101. Even eventually at 1.00 a share we would still consider it to be a bargain based on what is known today and the work yet to be done in 2011. We have concluded, in recent days, we are in PEM for the long run. The upcoming 43-101 hopefully will confirm our hypothesis with 1m ounces (+or-). 1m ounces, on 5 or 6% of the OSZ land holdings, is just the begining. We could see 2, 3, 4, 5, million ounces, or more on this 5% of the land holdings (at just the Friday and new Monday sites, alone). That still leaves 95% of PEM's land holdings yet to be drilled. Tests thus far indicate the entire 28km of the OSZ is a target with great promise. It (PEM's likely potential) is in its infancy with a long-long ways to run. We will not sell on the upcoming 43-101 news. With regard to PEM, immediate gratification is not in our vocabulary. Best wishes to all. Hope you "earn" a fortune. Patience should be reward.

marwal