Question: Was our President, CEO and Chairman of PEM, Mr. John Ryan, just hired as the CFO and a Director of Wexford Petroleum, in Coeur De Alene, where he resides? If so, would this be in addition to his roles with PEM? (check Linked-In) Or is this old news? Or is this inaccurate?

If accurate, I can understand Mr Ryan's need for an income at a time when PEM is pinching pennies. This would be true, especially while they keep their heads low and their powder dry, while waiting out the bottoming of the market and the opening and operation of a new mine. Anyone else have a clue and/or some insights, some well anchored hypothesis?

If accurate, I don't see it as a conflict, nor as a problem, until, and if, PEM goes operational with a new mine in a few or several months. To me, a new mine at the Friday is what many old time shareholders have been asking for, either by way of a JV, buy out, or by way of a PEM initiative. We are very close to realizing that dream, and that much closer to becoming self sufficient with positive cash flow, profits, funds for expanding mining, funds for a mine at Buffalo Gulch, possibly an interest in a new processing plant in Elk City, additional exploration of the ore rich Monday deposit, which is so very close to the Friday, and so much more.

Can PEM borrow what is needed to go ahead with opening a mine at the Friday? Maybe from the state of Idaho? Or the US SBA? (Stay away from the venture capitaists and vulchers who want a piece of the company). A straight out loan. Repayable with funds derived from the sale of gold? Is there no reasonable way to obtain the funds needed to go ahead with opening a mine now, instead of having to wait for the precious metals markets to clearly bottom so that a PP-financing can be done? I am very comfortable with John Ryan and the initiatives that have been implemented. I am comfortable with the plans for using a nearby, and/or the building of a new, processing plant. I am comfortable with what I know about the Friday and it's potential.

I am 100% behind the unfolding plan for PEM and Mr. Ryan. I hope Mr. Ryan can assure us of his personal and public intentions and plans sooner, rather than later. Naturally, we all do, while we wait out the bottoming of the precious metals prices and markets. If PEM needs someone with a pick ax and a shovel to start digging, I volunteer. (Only kidding). Hopefully PEM is acquiring some of the used equipment they will need to start tunneling. Maybe New Jersey Mining can help by lending some old equipment and a little expertese and/or staff. Hopefully such an arrangement will be a part of the Elk City old saw mill site and patended acreage sale agreement.

The sooner we start to pull gold out of the ground the better. "You have my total vote of confidence John Ryan. If anyone can do it, you can. Go for it!"

marwal