Some of Logan Resources staff is derived from King Bay West's impressive staff and oversight. Some examples are:

http://kingandbay.com/index.php/our-team/executives-and-advisors

http://kingandbay.com/index.php/our-team/corporate-development

http://kingandbay.com/index.php/our-team/investor-relations

http://kingandbay.com/index.php/our-team/technical

http://kingandbay.com/index.php/our-team/legal

http://kingandbay.com/index.php/our-team/accounting

(and this isn't even the half of it.)

http://kingandbay.com/images/org_geo_chart/GeoServices.pdf

http://kingandbay.com/index.php/about-us/what-we-offer

King & Bay West manages 7 companies of which Logan Resources is one: http://kingandbay.com/index.php/portfolio

And then there is Logan Resources itself: http://www.loganresources.ca/

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If the JV proposal closes and the land deal is finalized, PEM could be debt free (emphasis added) with sufficient funds to cover ongoing expenses for the forseeable future. PEM would then be able to wait for a market reversal. Will PEM initiate some geological exploration elsewhere once the precious metals market reverses course and the price of metals start back up? Might PEM perhaps then start to acquire some new claims? I wonder. I believe it to be possible. Perhaps someone will check with Investor Relations on this point and let us know what they learn? While doing so, perhaps ask if the JV deal included the PEM so called "Dixie" claims several miles south of the continuous string of claims culminating to the south with Project X? If not, then we have a possible new exploration field waiting for us. If it did, there is plenty more where that came from further to the south all the way down to Midas Gold's claims and operations. This is purely speculative thinking on my part, but my point is that there are plenty of new opportunities for PEM to persue in Idaho, and perhaps even elsewhere. In the interim, we wish Logan Resources (and their parent organizations) every success possible. There are a ton of drilling permits pending and I suspect Logan will put them to very good use.

marwal