Thanks Boot. . . a nice post. . . I agree that they need more money from either a sale of some portion of PEM or from a JV with deep pockets. PEM needs to build the ounces with increasing speed over the next couple of years.

The BCSC seems to be wanting PEM to test drill-explore a portion of the zones that have not seen a drill bit. This presumably is because PEM has been touting the new zones on paper and perhaps the BCSC wants PEM to do something more to prove that these zones are more than mere words on paper.

In my less than practiced-experienced opinion, PEM needs to ready the Friday for "market," for a JV or a sale. Drilling elsewhere, as the BCSC seems to be suggesting, will have the disadvantage of delaying completing the Friday but would have the added advantage of proving to all interested parties that there is gold in each of PEM's zones, thereby making all of PEM increasingly more desirable and worthy of higher share prices. In the interim, PEM needs to find creative sources of funding, do continuous infill drilling at the Friday, do continuous step out drilling at the Friday, and to do yearly updates of the Friday's NI-43-101 continuously showing, with increasing speed, the ever-increasing number of new ounces. But, I'm not an expert, so I'll leave it with the thought that, at a minimum, PEM will need to come up with more money and to then increase their drilling, while trying to keep share value dilution at a minimum, and to communicate to the public and shareholders as much as is reasonably possible.

For now, due to market conditions, PEM has admirably preserved it's financial viability through actions taken and decisions made over the course of the last 3 quarters. It turns out that this was a very wise decision. It may be weeks or months before our sector's market conditions reverse course and rise, hopefully like a compressed coiled spring. Kudos to those who's clarvoyancy helped shield PEM during this market.

I'd like to quote from our Hub's overseer, Boot, who recently said in his most recent post. . . "The OSZ has the rock. We need drills. Many, many drills. (my emphasis is also added). I'll be watching, contributing although less frequently than in the past. Best regards to the hub here. Good people, and patient investors. . . . " (end of quote). Thanks for your words, thanks for your career service and thanks for your service to this hub, Boot. Our very best to you, as well. I echo all of your words, as I'm sure do most all who visit this forum.