I think the 2005 43 101 on Goldex substantiates one fact... That the traditional methods of mining the Goldex were not economical... add to that the low gold price back in the 90's

What has made the Goldex extension economicalis the bulk mining methods to be used in the new zone.

What remains to be estimated is the remaining gold in the old workings, extensions to this zone, and any depth extensions below the old workings.

Keep in mind this report was done in 2005 and thus there may be a lot more info availible at this time.

one comment Dave P made to me was that agneco had taken a bulk sample from PRB's area of royalty.... that would be inconsistant with the remaining resource mentioned in this report, and as such opens the door for some speculation as to the underlying value of the property.

The 43 101 is the most recent info availible and as such, a more up to date information package is waranted.. outlying the recent sample. content and reason for doing such a sample.

What is the potential for additional reserves to be found... Open at depth??? open to the east, north south???

is Agneco doing any exploration on the PRB royalty zone...

Is there a a buyout of royalty payments for a fixed price... IE as in some companies $1,000,000 for each 1% of royalty?

Many questions... few answeres.

the market is puting zero value on this royalty in any case at this point in time.. JMHO