Learned today:

-With the Vancouver Resource conference, certain large investment firms, junior miners and major miners paid visits to PEM's offices this week; a steady stream of them; PEM mgt. very busy working with all of them in meetings, morning to night; tons of interest in PEM including juniors and majors, this in addition to the steadilly growing interest in recent weeks-months;

-PEM has scheduled upcoming travel presentations to investment firms in NY, Toronto and possibly Boston;

-PEM feels in-house calculations of advancing the resource in upcoming 43-101 could be close to (+or-) the 1m ounce level; the party doing the 43-101 did the last one and is very familiar with what they are looking at and has been complementary of the drilling, locations, etc.;

-43-101 results expected to be announced by the end of February or very early March; PEM wants to do the news release on this before the upcoming Prospectors and Developers conference starting on March 6; they will have a booth at "core shack;"

-airborne showed the "structure," correlates with soil samples, correlates with drill results, correlates with the Monday site, shows much more, shows entire shear zone, shows main structure and cross cutting structure. Airborne in depth info release may be delayed because there is so much info to include;

-juniors and majors interest in the possibility of setting up a mine has been growing, "interest has already been happening," "big company interest could really happen in a mine in the future," "juniors and majors have been following PEM's results closely;"

- Other information includes: "Pem is going to have an insane year;" "tremendous excitement here and in everyone's eyes;" "everything is happening so fast, there is so much to do;" "we are just about to rock and roll;" "big things are going to happen;" "we are getting close to announcing something about Chrome mountain, maybe in a month;" "planning a news release for early next week;" "phase 4 plans may be modified and greatly expanded 'big time;' "

My thought here is that some of the above information leaves much to the immagination. Things are happening. Significant discussions are being held. Although lacking specificity, in some of the above, it is what it is. For now, all we can do is "read between the lines" and hope for the best. Time will tell.

marwal