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Message: Re: Lake Shore Joint Venture
5
Mar 28, 2011 12:45PM
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Mar 28, 2011 01:17PM
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Mar 28, 2011 01:21PM
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Mar 28, 2011 01:35PM

yes, but that is why it's called an option agreement - PRB has given up 55% with an explicit understanding of LSG's obligations to the venture - they have not met their obligation - it's not a matter of being in a hurry - why don't we just mothball the LSG JV for 5 years?? This agreement with LSG whereby PRB has given up 55% interest makes little sense, since LSG isn't willing to meet their obligations under the option agreemnet.

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