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Message: Question about PRB vs FNC

Re: Question about PRB vs FNC - djmac

posted on Nov 17, 2007 03:33PM

Hey, if you've had experience with these sort of things, then I defer to your knowledge, and if you beleive the possiblity of such take-overs might happen then cool.  I guess I don't understand how NOT, a junior explorer with no income, only 30mil in the bank (and with a 1.5mil/month burn rate), could swing a takeover. 

I don't know whether PRB, FNC and NOT need to consolidate or not.  You probably have a better idea than I do.  If all three proved up tonnage, wouldn't it be up to a major to buy them out? and couldn't they be bought out individually?

I guess my original point was NOT has more land staked then they can ever hope to explore, so they're probably not concerned about the land PRB and FNC have in proximity. 

I appreciate your points, djmac.

 

 

 

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