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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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Message: Opinions requested

Cheers in return, and thanks for your kind words Boot. You are right in that the drill results are most critical.

The company is considering other avenues of keeping shareholders informed. News releases, I was told, are very expensive and are charged by "the word." My opinion has been bantered back and forth with the company and I wanted to extend that opportunity, to opine, to the forum. Del wants to do something more for shareholders, if possible. Perhaps I misjudged the potential level of possible interest.

While they drill, Del has been preparing the company for what he and others believe will become needed. PEM's confidence is such that they are marching forward with a larger plan, preparing the company for a significant increase in internal growth and workload. They desire to advance the company's capability, for itself or perhaps other companies, while believing advance strategic preparations are essential. In other words, they are (unofficially) convinced there will be enough gold eventually found that it will require other advanced preparations to have been made and solidified.

As for a new resource update in the spring, I was told that the step outs (drilling) at the Friday are currently a priority, infill drilling there at this time would be costly and would deny drills needed to explore elsewhere. There probably (as in maybe) won't be enough infill drilling in Phase 4 to justify a spring 2012 update to the 43-101. Was also told that 2012's Phase 5 drilling would include sufficient infill drilling for a revised 43-101 at some future point.

As for my question about reducing the cutoff grade from .5 to .25, thank you revenant10. Much appreciated. I enjoy learning and sharing what I learn with others. We are all in this together.

Have a wonderful weekend. Our best to all.

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