Re: Question for the good members!
in response to
by
posted on
Jun 06, 2008 09:19AM
DP, In reading NOT's NR, they are talking about what PRB refers to as its Macfauld's "West" Property (not all of PRB's Mcfaulds area property). PRB has several projects in the Mcfaulds area. MacFaulds West (MW), Victory, and Tamarack (which is JV with Mantus).
PRB had contracted to drill all of these projects with present drill contract. The initial order of drill was to be MW, then Victory, then Tamarack. One right after the other. If it would have went according to original plan, it would have been potetntially a very exciting past week and upcoming summer with MW drilling announcement, then visuals in a few more weeks or so. Then on to drill Victory with Lab results more than likely from MW before the drilling was concluded at Victory, and then Victory visuals, etc. etc. , then on to Tamarack. Victory certainly has lots of potential in its own right, but I still cant figure out why postponement at MW. Like you said in earlier post, one good hit at MW and we are at $20. Then who would be buying out who. I am thinking that NOT would still be the one doing the buying, but it just seems to me that PRB strenghtens its postion immeasurably if PRB has a better idea of the value of what it has at MW, especially if PRB could have had that informaiton in a very short period of time. If MW ends up being a bust, you still have Victory&Tamarack in ROF as well as NSR which can be a cushion to SP in case MW is a bust, but which I dont expect MW to be a bust.
Anyway, back to topic, so when NOT says they are in discussions with PRB on MW, it is my understanding they mean the lands with the A1 and A2 anomoly just to North and NW and West of NOT 's big hit at Eagle One.
Leaving now for weekend. Sure hope we get some clarifying news from PRB soon. I am very supportive of mgt but have many questions that I hope they will provide answers to soon.
profits