Penbar Capital Ltd V.PEM

CHROME MOUNTAIN and DRILLING

[wood6411]

Folks, you won't hear anything about Chrome Mountain until something concrete is available to release. I was told some time ago there is work going on there, and more importantly, we are waiting for the independant QP to finish up the project he is working on first, before he can get to our claim to do the technical report. When that will be is anyone's guess. It's not going to happen overnight, so don't be too hung up on this. Look at it as money in the bank. A big fat bonus if you will. You can be sure our executive are going to do this properly, and get the best bang for our buck. When I spoke with them at PDAC in March, I got the impression that eventually Chrome would be split off in a seperate identity and given to us shareholders on a per share basis formula. Did anyone else hear this?

Now that the warrant issue is out of the way, perhaps we are days away from the first drill results coming out. Without going out on a limb, I was told all is going ok on the drill sites. This stall in share price is temporary, and soon we will be off to the races again. I am pretty sure of this. There is no way we have two drills turning and not knowing we are in gold country. Some of the staff was on the drill site all last week, so we should be hearing something soon I would think.

Patience is the hardest thing for all now I would think. I know we all want the share price to go parabolic overnight, but it do take time for all our ducks to line up. I am sure our patience will be well rewarded.

Finally, I was able to pick up a few more this morning at .58. I had the order in for a week now. Sometimes you have to stick to your guns and wait for the price to come to you, instead of chasing it.

Good luck to all.