In a recent interview (in Ed Steere's daily Casey gold Report) well known Louis James said that ". . . very few gold deposits ever have a million ounces. . . there are very few large ones. Anything in the 10 million ounce range is considered a monster. . . really huge and rare. . . makes sense for something like that (junior explorers) to go to 10 to 1. . . . 50 to 1. . . even 100 to 1. . . it does happen in the junior mining sector. . . ."

New PEM board member Mike Vint said in his recent Al Korelin interview about PEM: ". . . the resource is going to get bigger. . . . they know where the resource is. They know where it is growing. They know where to drill. It is very obvious where the targets are. . ." In this interview of Mike Vint, Al Korelin said that he had spent "many hours" talking to Del about PEM and it's future. Question to Big Al: Can you please share, what can be shared, with the rest of your listening audience all of what was said? Hours of such discussion is sufficient to fill a short book. That is a huge amount of information being discussed. We sure would love to know and learn all of what you have learned Al, unless of course you are restricted as to what you can share from those "many hours" of discussion with our Del.

With the current financing matter possibly being finalized in a few to several days, (as I mentioned would be the case several months ago), we need to get ready for, and accept the reality of additional needed financing in several more months, once again. It is a foregone conclusion, an absolute necessity, a standard industry practice and need, unless some other arrangement is in the offing. We need it to prove up the many more millions of additional economicaly mineable ounces!

A wondefrful day to all.