SURF and TURF

As I have pointed out in the past here I think Del Steiner will be as famous as treasure hunter Mel Fisher.Mel after 20 years of searching and going broke a few times in the process of finding the Spanish treasure ship the Atocha(sunk in a storm in 1622) in 1985 off the Florida Keys.In the day the gold was worth around $500 million in 1985 prices.Today that would be over $2 billion.Mel past away a number of years ago but the hunt goes on for the ships Stern Castle that holds the mother load of the ships treasure.It has never been found to this day.But it will be found it will hold more than $2 billion in gold .Thats the legend of Mel Fisher.

Del is the land treasure hunter if Mel was the surf treasure hunter.He too has been looking for gold on the Orogrande Shear Zone for 27 years.He too has discovered the land Atocha being the Petsite Friday discovery that is rapidly growing past $2 billion in gold.The Petsite Friday in my view will hold no less than 5 million ounces of Gold.That market value in a $2000 spot price could be worth $10 billion dollars some day in the short term future.

But unlike Mel hunting down the other half of the Atocha Stern Castle.Del may have found the land version at Deadwood.If Deadwood is in fact the "Stern Castle" of the OSZ then the inground market value of the Deadwood zone would number in the staggering $ billions.We are seeing one of the greatest gold finds unfolding before our eyes.Share holders of PEM are going to be asked every night at their favorite 5 star resturant, will that be Red or White with your Steak and Lobster tonight?

We have added about 400,000 more PEM shares in the past few weeks to our position.I can eat Steak and Lobster every night even though my Doctor would not like it.

James