In the 1/5/2012, 5 Minute Forecast, by Addison Wiggins, he wrote:

" Mr. Rule sees: New gold discoveries.

'It’s my belief that we are going to re-enter a discovery cycle and I would be surprised, frankly, if we didn’t have four or five names that made 50- or 100-fold returns on pre-discovery market capitalization.'

In fact, Rick finds the coming period analogous to the mid-1990s… when names like Diamond Fields shot up from $4 to $160… and Arequipa Resources catapulted from 30 cents to $30.

We agree… and not just because we’ve respected Rick’s analysis for years, so much so that he’s become a fixture of our annual symposium in Vancouver . . . "

(END of article quote)

I hope Sprott Assets still has their many millions of shares and that they continue to strongly believe that PEM could become one of the explorers that has the chance of doing so very well. I suppose they wouldn't be major shareholders if they thought otherwise. "Thank you for your continued vote of confidence in PEM Messieurs Sprott, Embrey and Rule. We, your fellow shareholders, are so glad you can see the big picture."

marwal