The Juniors and Majors (and investors) interested in PEM's progress will be calculating their own in-house likely minimum ounce projections. Although much more drilling will need to be done to show if the gold is all over the place, it is likely the estimated number of ounces, figured in the back rooms of mining companies, will grow as drilling continues. Some of their geologists may already be thinking that 10m to 20m economically mineable ounces are possible. Those who have worked on such estimates for mining companies know how this process evolves. They'll wait for more drilling in various locations and then continuously recompute and revise their estimates. Sooner or later, a mining company is going to step forward and make an offer for a part of, if not all of, the OSZ provided PEM's exploring continues to go approximately as it has been.

The acquisition of the new industrial property solves a lot of significant questions and issues for PEM's growth and/or for a potential acquirer's needs. Del Steiner commented in an interview/NR recently that the new PEM owned private property has the capacity to support a potential mining processing plant, as well as a potential future "District Scale Mining Camp." Now, if companies already covet part, or all, of PEM's entire package, what would they think of the new privately owned multiple industrial land parcels? And what would they think of Idaho's expressed desire to help grow the mining industry in it's state? As a very dear friend of mine said to me this morning: "Drill baby, drill!"

If PEM's "treasure map," a combination of various tests overlayed on top of each other, continues to prove it's accuracy, then it's reliability will have been established. If so, then what is officially called "potential" mineralized structure may unofficially be whispered as "likely" mineralized structure, and PEM's future share value will grow commensurately. People risk investing early on what they percieve as "potential" and, so far, the potential is growing with every exploratory step (out) of the way.

We sense more news soon, even if it is only one core assay at a time as they belatedly come back from the lab.