Hopefully of possible interest to some:

Although predictions are one thing and reality is another, Goldman Sachs predicted precious metals to rise by 17% between now and August of 2011. Given how profit margins grow much larger beyond production costs, increases in gold spot price would result in significantly greater profits than a 17% increase in spot prices for miners-producers. This has the effect of continuously increasing the value of deposits, or known inventory, as the spot price rises.

Additionally, a Price Waterhouse Coopers study just released noted ". . . . merger and acquisition activity 'in the mining sector' will likely intensify, mimicking a global arms race. . . "

Such predictions, if proven accurate over time, increase the value of PEM's gold deposits, increase much greater eventual mining profit margins (above cost of mining-production) , and increase interest in partnering or M & A possible activity, with PEM, in general. When computing the value of share price based on "ounces in the ground," the above considerations, when factored in, should significantly increase the value of PEM's assets, and therefor it's share value.

So, as new ounces are found and reported, in estimating fair share price, strictly on the basis of ounces in the ground, one may want to consider including the increasing value of the "in the ground inventory" both from the appreciation of value, and from the even greater heightened profit margin, perspective.

To the PEM staff, et. al., who may happen to read this: thank you for all you have done and continue to do. Additionally, a steady stream of the vitally important news releases and on site investor and media briefings, to inform the investor public, is very much appreciated.

Have a great weekend. Looking forward to next week, next month and next year.