"It is my belief that one of the drills will be lent to PRB for deep drilling on the PRB/NOT JV property just northwest of Eagle 1."
Brutus, this makes a lot of sense. I hope it happens. PRB will only drill north of Eagle if they have a lot of confidence that they will hit nickel. The PRB/NOT JV (50/50) is approx. 400-500 meters north of Eagle so the drill would certainly be close to begin with. I've heard that PRB drilled the area previously without a hit. Deep drilling may be the answer.
I am thinking that just an announcement of plans to drill there should give both PRB and NOT a nice pop. then, if they end up hitting nickel, both should take off. Since PRB has so few shares in their float, PRB's increase should be higher, % wise. Since it would add to critical mass of making Eagle area mining economical, NOT should benefit very nicely as well. It's win/win for both companies.