Many postulate that PRB is too small
in response to
by
posted on
Nov 02, 2007 05:45PM
That may be true that PRB has only a small land position.... Ahhhhhhh but a stratigic land position... and sizable enough that many multiples of the double Eagle could be in wait for us...
http://www.probemines.com/i/pdf/McFa...
The statements by Richard N that the mineralization was increasing in width to the west as the body is proven to the south has been missed by the market......He makes this very clear in the 12 min segment " Beyond the press release"
That nice little strip on the south west corner could be a prize.....The aeromag has only a penitration of about 100 meters..... thus a target could be below that... and this is confirmed in the NOT drilling to the south.
The property to the north is significant in size..... certainly every bit as large an area as the condor block... 2 significant targets are evident on the PDF file....
The latest NOT update also states that the deposit is open on both ends...... To the north NOT will run out of room soon..... This is why moving to the south has been the priority...JMHO
There is no benifit of proving up the deposit to the PRB property line.... That would put the negotiation advantage in PRB's court.
This is a poker game...... all are friends but the table stakes are very high...... and as we all know money talks and Bullsheit walks. Now that PRB has cash in the till, we are up to the anti and can bet through the next several hands....... that is unless one of the big guys or NOT calls.
I am content to sit back and build my position in the low 70's.... This has been cherry picking time for me this week.... was prepared to pay in the high 80's and did... so the low/ mid 70's have been a gift...JMHO
Too bad someone didn't pull the trigger on my .70 bid...LOL
Maybe next week will be Xmas...LOL