re prel fin acc ann, page-12

Was just checking out Globestar's web site and looks like a pretty impressive company.

http://www.globestarmining.com/

Currently a low cost producer of copper, gold and silver (all 3 at or approaching record high prices. Also has prospects for Nickel (could be a producer this year), lithium and industrial minerals.

Net profit of around $16 million for 2010, would expect an increase in 2011 based on their continued exploration and recent rises in the value of these metals.

All this will start going towards PEM's bottom line along with our own already profitable operations. 2011 is shaping up as a good year for PEM and 2012 should be even better.