Penbar Capital Ltd V.PEM

RE: PEM-PDAC & 43-101

[wood6411]

I'll be at PDAC next weekend and will be spending a lot of time around the PEM booth for sure.

Last year it was nice to meet Del, his wife Ellen, as well as Christine, and I must not forget Wilf, rest his soul. There was a lot of optimism at that time, so I would imagine there will be a lot of excitement this year as well. I will be honest in saying that I was dissappointed though when we didn't get the resourse update that they were all but assuring could happen at any minute. I guess they were getting a bit ahead of themselves back then.

This is a new year, and I am sure we've attracted a lot of big eyes from the industry with the successful drilling year we just had. Looking through the news releases over the past year, it is very easy to get excited about the prospects of this little company going forward. Remember, all large companies start out small, and along with it many non-beleivers, who most likely have said at one point or another, Nah, that can't happen to us. Well folks, It could happen to us. Yes, we have all the makings of an excellent chance to become such a company that the big boys will stand up and take notice of us.

If we keep hitting on our drill targets like we have, who knows how far we can go. I don't think I would be going too far out on the limb to say, we are grossly undervalued at the price we are at today. This is a joke. I have no clue what Del may have up his sleeve going forward, but I am thinking this year at PDAC he will be doing his most important promoting ever. All the industry and deep pockets will be there watching and listening. Lets hope Del under promises and over delivers this time though. I am sure he learned a valuable lesson from last year. 

If anyone else will be at PDAC, inbox me. RY indicated he will be going. Any others?