With today's significant rise in gold's spot price, and with Goldman Sachs' prediction for gold spot price to rise to about 1,650 (US$), PEM's "in the ground" deposits, (whatever they eventually end up increasing by) just made PEM's value increase.

PEM's number of minable ounces in the ground, both at their Friday Petsite as well as well as all along their 30km Orogrande Shear Zone land holdings, can only grow much bigger. I wonder if any major mining company want's a piece, or all, of PEM's assets prior to those identified assets continuously growing higher and higher in value as time goes by? Reports in the industry's and analysts newsletters-articles say that many major mining companies are on the hunt for new exploration acquisitions to add to their inventory. . .PEM is methodically positioning itself as an option that will likely gain in value and increasingly become more difficult to resist if its value does indeed go exponentially higher.

If PEM continues to grow in value with increasing ounces and increasing "In the ground" gold prices, I wonder what PEM shares will be worth in 1 year? It seems significant and surprising to contemplate, even using conservative computations.

(As an aside there are a few, such as Jim Sinclaire, who see gold spot up 20-25% within a few months).