In MineWeb's 8/6/2012 article of a Don Coxe interview, Don Coxe asked rhetorically whether it was reasonable to value a gold producer's reserve at, say, $1,500 an ounce today (retail). Coxe added that high quality reserves in politically secure regions of the world are becoming more-not less- valuable. He also believes that the commodity boom, to include gold, will last for another decade.

It seems the consensus opinion for the eventual price of gold per ounce is somewhere between $4,500 to $6,000 with some saying less and others much higher. If a gold producer currently looks at their gold reserve as being worth $1,500 an ounce, and if gold does go to about $4,500 for a tripple increase in value, then what will that say for PEM's in the ground gold value? Maybe eventually $150 to $450 an ounce? Such a price could fit with the historical symbiotic ratio. I was once told that PEM had the realistic potential to become a billion dollar (+) market cap company. I think that is possible while a lot of important hurdles have to be jumped along the way.

To avoid, as they say, "an idle mind becoming a devil's playground," while we wait for the market to turn in our favor so that exploration can resume, my mind wonders to thinking about the positive potential that awaits us begining, hopefully, sometime soon. Del Steiner and his staff have preserved the funds needed for when the time is right. Although quiet, they are not idle. They are preparing all the considerations, necessities, and logistics required to hit the ground running, big time. I'm counting on it, and I believe in them and the company, or else I wouldn't be here. In the interim, we bought yet another "small" amount of bargain priced shares in recent days.