It was good for me to hear in the last news release that the old "industrial" sawmill site, which PEM acquired last year, was now functioning as a sort of camp, on site office, a new more secure & spacious core shack facility and warehouse, among other uses. I'd love to see photos of the outside and inside of the building coupled with a written explanation of the land and the building's current and "future" usage. Maybe Al Korelin, through his "Korelin Report" can be talked into taking some photographs or video of the building and to do a piece about it, for us all, some day. I always appreciate any news Big Al brings to our attention. If you are reading this Al, we thank you.

What has been in the back of my mind for some months now is the amount of time spent on going over every detail of the Friday's revised Technical Report. This time has given Mike O, our VP for exploration, and others a significant amount of time to review in much finer detail every bit of information available to them from their own and from previous exploration efforts and successes. Of keen interest to me is the potential for ounce additions or deletions, locating the old Bema drill holes (for which we reportedly have the assay results), and the overall annalysis of all data as to what we have, where we have it, and how we will expand our 100% successful exploratory efforts starting with the hoped for upcoming infill drilling results.

There has been plenty of time to step back and to look at what we are doing, where we are doing it, and how best to proceed. In that mix, I wouldn't be surprised if we learn that PEM has come to see things even more positively than previously thought. I, for one, believe, that there are higher grades of ore and more abundent resource at depth of what we have already found, and in places where we have only "scratched the surface." So, I look forward to, and will anxiously welcome the upcoming news release telling us whatever PEM feels they can tell us. The eventual upcoming infill drilling results coupled with an expected overdue rise in precious metals and their equities, should hopefully boost PEM's share price significantly.

As an aside, the HUI's ratio to the gold price traditionally is 2 to 1. It is now 4 to 1, where it was during the precious metals mining shares decline in 2008. So, as many believe, perhaps we are nearing the long awaited upturn, in the weeks and months ahead, coupled with gold's usual best time of the year for performance.

Keeping the faith,

marwal