brutus -

Its speculation on my part. We know that Dave has been working on this recent land deal for some time, and he mentioned the fact that he was still in the process of moving the deal forward in the latest article.

I have negotiated real estate deals in the past, and been involved in instances where the asset is perceived to be increasing in value during the negotiations. Often, greed takes hold and the numbers change at the last moment as the seller senses that they have all the cards while important progress is delayed (PEA & further assays) that the buyer wishes to complete/announce.

I do believe the land deal will happen, as it is very critical to our long term plan (or anyone else who may be courting PRB). For these reasons, however, I do feel that Dave has a tough job of getting the land for a fair price as he has in the past.

As Stainless mentions, Dave may be working several angles or getting creative in how the deal is structured in order to preserve our Treasury for continued exploration, other land aquisitions, and feasibility studies. It would not surprise me at the least if this were the case.

Let's see what our Field General will do. I understand he has met with many people over the last few weeks and Im sure this topic has been on the agenda in each meeting.

Anything is possible...I just wouldnt want to be caught on the outside looking in by trading any of my shares. As I've stated in the past, the NR regarding the land deal could hurt our SP for a short time, or send it skyrocketing if Dave finds a creative way to purchase the land as part of a partnership with deeper pockets who may have bigger plans for Borden. I'm holding on to my shares with both hands...

-Kingpin