PEM board member Collin Jones, who is Ex. VP of Dundee Resources, which is PEM's largest shareholder, said last Fall ". . . In the coming year (2011) shareholders will be able to look forward to continuing impressive drill results from a number of targets. . . .In five years we would hope to have defined a number of such deposits. . . and be ready to start construction of a major new gold mine." (Ned Goodman, CEO of Dundee is also a huge shareholder as a private investor, aside from Dundee's holdings).

Given Collin Jones' stated vision from last Fall, Del Steiner said in a recent interview that if the right kind of deposit is defined PEM would consider having it's own mining operation. They just brought on board 3 people who could help make that happen.

I wonder if Collin Jones has changed or modified his position at all since last Fall about the 5 year plan. ( Dundee was buying more shares last week in the .70 to .80 price range, if I'm not mistaken). It doesn't sound like they would give PEM away for a low price, if presented with some such opportunity. Then again the upcoming drill results in 2011 will be very telling. Collin Jones did say that we could look forward to impressive drill results from a number of targets this year.

marwal