Re: CEO Interview
in response to
by
posted on
Mar 08, 2011 10:00AM
Ultimately Developing a District with Multiple Near-Surface Gold Resources along the +30 km Property in Idaho
Screening, filtering, or trying to suppress legitimate discussion regarding possible funding for 2012 is not what this forum is supposed to be all about. It is not just about a possible JV, nor just about how far 2011 funding will stretch. Remember Dell said in his interview they would like to try to drill 25,000 to 50,000 meters in 2011. Since then, PEM has modified Del's statement to "+25,000 meters." They also, coincidently, modified their statement to have 4 drills operating in 2011 to having 2 drills operating all of 2011 and an additional 2 drills operating perhaps for the 2nd half of 2011. Whether or not a JV is possible in 2011 is as much a tantalizing question as is the question about how PEM will fund their preliminarilly proposed massive 100,000 meter program for next year. The two questions go hand in hand. In the absence of some M & A, JV, or other business relationship being forged in the next several months, arranging for such a massive 2012 drilling program will need to be initiated within a couple or few months. That is "this year, in 2011." That is a very important consideration to answering both concerns. In the absence of PEM's discussing this, as a matter they will need to start to address soon, it leaves open all possibilities, including those which many of us have pondered. Unfortunately, it will not be the last time you see this matter addressed in 2011. It , and other possibilities, must be addressed, one way or another, if there is to be a 2012 for PEM. And, in one shape, form or another, there will be a 2012. The funding for 2012 must start to be addressed soon, regardless of whether it is via some new business relationship or via some new financing. Indeed, I forsee dozens of postings about this matter as we move further into 2011. So, it is a 2011 issue and not one which will unequivicly be ignored until 2012. "If you don't know where you are going, any road will take you there." Looking ahead, I prefer to learn, share, and know as much as possible.