Yes, you articulated that well MaxV I think you are right. Back then there was cause to be optistic, and you were not wrong to feel that optimism, like everyone else. I, on the other hand, am a worrier, searching for worst case scenarios regarding what can go wrong. I always saw PEM's future as virtually guaranteed, providing the funding was steady.

It is interesting how Dundee Resources sold off millions of PEM shares and Dundee's CEO, Ned Goodman, held on to his personal holding of millions of PEM shares. Mr. Goodman had to know that Dundee's share sales of PEM would hurt the PEM share price and therefor hurt his own personal PEM investment. There is a mystery here. I wish I knew the answers to it. Maybe I'm missing something here. Likely, I am. My apology.

Thanks Green Fields and MaxV. I appreciate your instructive thoughts.