For those who are new here, or perhaps as a reminder to some of us:

On October 2nd: With regard to the ongoing infill drilling Del Steiner said in an interview that they were set to pull back up to the old number (1.2 million ounces) and maybe more ounces into the better "Indicated" category from the "Inferred" category, and that he wants to step out to the south with more infill drilling to move the resource to 2 million ounces as soon as possible and then drill on further south. (Note: I think Del implied they would need to do an additional small financing later to get from a hoped for restored 1.2 million ounces upwards to 2 million ounces).

On November 6th: Del Steiner explained that they needed to re-do some drilling north and south along the Friday because the prior holes at those locations were drilled at the wrong angle historically (in order to add more ounces). Del said that once that ongoing infill drilling is done they hope to be back (+or-) to their old resource estimates (total of 1.2m ounces) and that they would be in better shape because of having moved more of those ounces out of the inferior "Inferred" category into the superior "Indicated" category.

Del Steiner also mentioned that it was possible, given the location of the Friday, that drilling at this location could be (as in maybe) done throughout the winter (again, maybe).

Dell Steiner has said in one interview if I remember correctly, that PEM has been sought after, and I believe he is still holding suitors off (yes there has been more than one). Naturally, he would prefer to do a joint venture with one who can be "counted upon," and for a reasonable price, perhaps based on the outcome of the ongoing infill drilling in and around the "pit shell" and/or additional infill drilling just a little southwards. I still believe that the Friday-Petsite zone has a few million ounces and proving up 2 million ounces should pretty well spell out to those who are plotting PEM's progress the likely extent of the deposit at that location. Remember, they have not found where the gold ends in length and depth (nor in width). Hopefully, any joint venture or sale can take into account the liklihood of far more ounces than existing ongoing drilling will prove. Again, they have not even come close to finding out where the the gold ends in length, depth nor width.

I find it very interesting, given the close proximity of the Monday zone, that the test drilling at the Monday showed good gold content results plus very high silver content. Given how close the Monday and the Friday are to each other, a friend of mine who's opinions I respect, suspects there could be a nexus between the Friday and the Monday with the possibility of precious metals stretching between the two zones. Then, of course, there is the discovery at the Monday of a seemingly rich fault line that comprises both the gold at the Monday zone and an inordinate amount of silver at that location as a bonus.

Almost all explorers have to finance their exploration. PEM is no exception. They mostly all eventually rely on a joint venture or the sale of a portion of, if not all, their property. As we all know, there is gold all over this 22 mile long (30km) stretch of PEM land claims, a portion of which PEM owns outright (patended) and all the other attributes associated with this absolutely huge land holding. There is plenty of indication that there is gold all along the property. It will take future drilling to prove the gold's potential commercial value. I was priveleged to walk and ride most of the property and it was hard to fathem that everywhere I was there was gold beneath our tires and feet. If one could drive at highway speeds, it would take over 20 minutes to just drive the length of this property. In addition to that length PEM estimates possibly (probably) dozens of kilometers more of potentially economically minable gold. Another friend of mine and I poured over the PEM maps independent of each other, and we exceeded PEM's conservative estimate by twice their official number. I, and a few others, think there is better than 20 million ounces at the OSZ, and perhaps one could reasonably or concievably argue the number to be 2 to 3 times higher. I prefer the more conservative possible 20m ounce guestimate.

The placer and other old fashion mining done at PEM's location is estimated to have resulted in pulling out a few million ounces of gold at various locations all along the Oro Grand Shear Zone. This gold was not planted there by the ice age's glaciers. It came up from within the ground. The prior old fashioned miners worked hard but only scratched the surface, so to speak. PEM's overlayed test result map guided their drilling decisions and has been almost 100% accurate. I fondly refer to the map as PEM's golden "treasure map."

I'm not a short term investor. Nor are many here that I know. I believe in this project and the people who are working hard to bring the Friday-Petsite, et al., to fruition. I hope the above is of some interest and is helpful. None of the above should be taken as a guarantee. There are no absolutes in this business. But, there can be some promising endeavors. To us, this is one huge project with massive potential.