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Message: Re: PRB/NOT Joint Venture
8
Apr 30, 2010 11:48AM

Profitz,

PRB will eventually get their hands on a deep drill. The timing will depend on the activity at Eagle 1. From what I understand PRB may need to wait much longer now because Noront needs the deep drill at Eagle 1. If Noront hits good Ni with deep drilling PRB will benefit. It will set us up for some appreciation once we get our hands on the deep drill.

I don't believe Dave will start drilling in the ROF until Noront starts to hit something. The stock price for PRB is tied to Noront's stock price so I think Dave will wait for things to heat up before making a move. Dave is conservative when it comes t exploration.

rosehill

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