Here's what would build confidence for ME at thius time....

If PRB has a legitimate offer for funds... IE AEM, LSG or Cliffs... then lets see the cheque.... If there is no cheque, there is no source of funds....

Number one issue.. Funds to keep drilling as Borden is a potential company maker.

Therefore second choice..... offer a rites offering.... for evry 10 shares you own you can buy one more share @ 1.50 with a $2.00 wt This would potentially be about a 20% dilution but to many existing shareholders.

This would provide funds for drilling, and put the stock into the hands of the existing PRB shareholders.... any other interested parties are shut out...!

This would provide about $6,000,000 and potentially another $8,000,000 down the road, more than enough to tickle Borden with the drill stem Then time is on our side for AEM and Cliffs... Take as long as they want.... That Goldex royalty will start paying a divy by the time we run out of cash from the rites offering.

I prevously suggested a 2MM share FT $2.50 with a FT $5.00 wt.... an oportunity lost. If that had happened we`d be at $3.00 right now as the drills would be in high gear. That PP would have diluted the company 10%...but would have gone to fewer investors.

I would bet that Dave is geting calls every day with offers to fund PRB a some oportunistic level.

The Rites are the right move at the right time to get this issue off the table and it would provide significant buying into the stock as outsiders have no other way to get into the play. Untill the posability of a PP is totally gone, the stock will be under pressure.

JMHO.