I have been trying to push a deal in stock for some time..

The reative values of NOT and PRB are perfect for a deal at this time..

"My magic number" would be 10 milion NOT shares for the 3 blocks in the core area... These could be divied out on a 1 for 5 basis... and retain the balance of NOT shares in PRB for upside exposure.

In order to maximize shares divied the wts would have to be exercised...... those ones at a buck suddenly would get exercised, puting more cash into PRB for the Victory project.

I would prefer such a deal to a joint venture and diluting the intrest in these blocks as the upside is reduced and the downside risk is still there..... The way I see it, it's NOT stock or no deal!

Lets hope that my "magic number" is on the table as that would make PRB a $1.50 to $2.00 stock.