In all that I read and listen to, and all that I know, the U.S. dollar may well decline in value and in it's purchasing power.

One U.S. dollar may buy a candy today. However, put that one U.S. dollar in a short term bond paying 1/2% and, in a few years, that one dollar may have been devalued to the extent that it only buy's "half" a candy bar. Chalk it up to currency devaluation and higher than average, or seriously high, inflation. Wal Mart's CEO said today that seriously high inflation is just around the corner. It will be reflected in their merchandise's retail prices. World wide, higher than average inflation is underway from South America, to Asia, to India, to the Middle East, and to the Western part of the world. Junior and major mining companies who have built up a large cash reserve and need to, or want to, expand their corporation with new gold reserves and mines are confronted with a difficult, if not time sensitive and compelling decision. If they wait a couple or a few of years to invest their cash reserves they will ultimately end up getting much less for their money (or perhaps just half a candy bar). On the other hand, if they invest their cash reserves as soon as possible they will get the most for their money (the whole candy bar). Meanwhile, if spot price gold continues to rise, the purchase price for a property as magnificent and promising as PEM's, just gets more and more expensive to buy.

In the times ahead, the longer such mining companies wait to invest their money in something other than a short term security, the less they will end up being able to buy with their money. This coming concern for possible suitors will dawn on some too late. For the agile forward thinking businesses, the time for making an acquisition, such as a portion or all of PEM, is best accomplished sooner rather than later. To delay such an opportunity until currency devaluation and inflation takes it's coming toll would be a missed opportunity or at best an unnecessarilly expensive lesson in procrastination. Meanwhile, PEM needs time to prove up the resources we, and possible suitors, think is there in the Oro Grande Shear Zone. The race is on for PEM to drill, and for those possible suitors who covet what PEM, and we, own. While the clock is ticking, the drills are turning, and the value of PEM increases with each passing day.

marwal