Patience may be required

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Ultimately Developing a District with Multiple Near-Surface Gold Resources along the +30 km Property in Idaho

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marwal

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Patience may be required

posted on Feb 28, 2011 04:26PM

I believe there is a possibility PEM may have to delay the next news release till later, possibly next Monday.

Isn't PEM supposed to be presenting at PDAC on Tuesday? and/or Wed.?

2011 drilling could start soon with just 2 drill rigs with 2 more rigs added later with a goal of 25,000 or more meters to be drilled in 2011.

Funding should not be an issue in 2011 (warrants due in April and May?) but new funding will be needed in 2012 if the Friday has not been bought out or JV'd. One or more juniors and/or majors are following PEM's progress closely (rest assured).

Might see some bigger goal in 2012 for upwards to 100,000 meters to be drilled.

marwal

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