Sprott Assets' Rick Rule said in a King World News interview yesterday “. . . Finally, Eric, with regards to resource investors, the news is good again. We have seen the market’s response in the last couple of weeks to several spectacular discoveries. Africa Oil has moved from 80 cents to $10. Reservoir Minerals has moved from 30 cents to $3 and change, and of course, GoldQuest Mining from 6 cents to $1.60. . . . .Adding hope and adding liquidity to a sector as beat up as the juniors can provide some spectacular catalysts. So I would say this week, Eric, for junior resource speculators, the news varies from good, to very good, to excellent. . . . "

We just saw what PEM did with a little liquidity. It went up about 100% as of yesterday. It has the gold everywhere on the OSZ. Like all explorers, PEM just needs money to drill. I think that continued funding will be forthcoming. As Del said in his last Al Koreln interview, there have been many negotiations ongoing with possible suitors. It seems Osisko blew PEM a kiss and wants to dance. So I would say to Rick Rule, with regard to PEM, ". . . the news ranges from good, to very good, to excellent. . .