There are a few points to be addressed

1. Did/will such a meeting take place?: As I recall, Mark has sent a note to PRB (via Karen?) informing them about the existence and objectives of PSU (one of which is to stay out of Dave's hair). Perhaps, it would be timely to request a (short) meeting with Dave and perhaps with any other available directors just to have a get to know each other, between the company and a block of approx. 13% OS. A note is fine, but a face-to-face meeting would give the note a chance to be looked at again. I would suggest that Marks and/or some key members who live within a striking distance to Toronto have this short tete-a-tete with PRB management...probably over tea, coffee,...?

2. Dave is certainly a qualified person, but he has too much on his plate. I would suggest a high-level person be appointed to take care of promoting, chasing LSG, Goldex royalty, and active parading BC in front of potential suitors for a bidding frenzie. This person should have enough autonomy to project some weight and credibility across the "negotiation?" table.

The key points for the meeting

- Here we are PSU with over 13% OS willing and able to support PRB management

- Low-key sugestion #1: Spin-off BC and other non-gold assets to raise additional cash and make PRB a pure gold play with Borden...to make life simpler for institutional analysts.

- Low-ket suggestion #2: Create another high-level position, Exec VP Marketting.

Presumably, at this meeting management would indicate their reactions to our suggestions whic came from a block of over 8.6M shares (13.26% OS as of 15 May 2012). In essence we could be considered as one of the major shareholders. Or, are we in fact holding the biggest chunk? Macquarrie has 10.02%? Any other big blocks? What about management block?

Just an idea, anyone here has a contact at Macquarrie? Perhaps, it would not hurt to have a little tete-a-tete with them to exchange some simple ideas, over something stronger than tea or coffee.

That would be something.

goldhunter