Since the stock market crash of late 2008, when PEM's share price fell to about 6 1/2 cents a share, it has risen by about 1,000% to over .70 cents a share as of a couple of months ago. When looking at PEM's share price chart for that time period, as many of us have done ad nosium, we have observed that PEM has made new "higher" highes and new "higher" lows. The trend upwards has remained in tact, albeit it has retraced in recent weeks while we await the assays of the first 2011 drill results. So as to not forget, all the previous tests including soil samples, placer mining results, IP Dipole, Airborne magnetic, etc., all (yes, all) say there is gold all over PEM's land holdings. The drilling in 2010 confirmed the reliability of all the tests. This remains especially promising when the test results are overlayed on top of each other, on a map, showing 100km (62 miles) of expected mineralized structure locations to drill. That is a mind boggling number: 100km of locations to drill, with about 1km already showing nearly 1m ounces of gold. The drilling in 2011 will hopefully reinforce that confirmation. Perhaps, if all continues to go as well as it has been, we will see PEM's share price rise another 1,000%, "or much more," in the not too distant times ahead. Meanwhile, the suspense builds as we await the first series of the 2011 drill assay results with bated breath. The sooner the better. Best wishes to all who have remained, impatient like me, PEM shareholders.

marwal