Analysts' target prices are great and all but if you look around, especially the junior universe, most targets are in that 100-300% range above current prices. Probe is just one of many that are severely undervalued. What makes PRB interesting is that it is has one of the lowest in-situ prices of all the undervalued juniors, yet it also has a significantly large cash balance to get through this rough economic climate. Juniors who are looking to drill will be hard pressed to raise capital in this environment and will have to endure significant dilution as most companies see their share price hovering around the 52 week low.

Nevertheless, I feel that something is afoot with Probe. The silence just doesn’t make sense as I was expecting to see some news a few weeks back.

At the end of the day, I do not put too much stock in analysts' forecasts (pun intended). They are definitely wrong more than they are right.

All the best. Hopefully the silence is broken soon with some good news.