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Message: Re: Fold hinge
7
Jan 30, 2012 02:23PM
7
Jan 30, 2012 02:55PM

I knew this would happen. Retail investors (who I beileve is the only group selling today) got themselves all wound up about a huge Fold Hinge discovery. The fact is that when you look at the investment analysts they attributed no value to another find, and still believe PRB was undervalued just based on the initial discovery zone. This zone is now enlarged and is deeper than previously thought. If you look at BMOs report, all they looked at were the 4 mil ounces already discovered. The fact that we have expanded the discovery zone, should lead them to push their targets up. The new Fold Hinge discovery, albeit not huge, should allow analysts to now speculate that another find similar to the original one can be found. Hopefully the analysts will be more logical than the avg. retail investor.

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