Thistime,

Right on the nose! G would get PRB gold package for a song. "Drop in bucket" as you said.

The arrangement is structured blatantly in G's favour. There must be something else (that nobody has told us) for the BoD to whole heartedly recommended this "deal" to shareholders. (It took Dave quite a few years to finally sewed up the land deal with the lumber people to consolidate an excellent land package, a new gold district, and then turned around, shortly after, to deliver the whole thing on a gold platter to G.

Yes, it would cost G nothing as far as cash is concerns, since the $19M for the new PRB would be funded entirely by AEM wt exercised and the royalty ($4M)...and G would "inherit" some $30M, give and take, cash in PRB treasury.

If there G SP keeps on dropping, the exchange value for PRB would be way below $5, with or without the cash of ~$0.20 (from the $19M) for the new PRB which may or may not be listed (how can the shareholders liquidate the new PRB shares, if they are not listed?)

The big picture: A bad deal, especially for us retail shareholders, which should not deserve a yes vote.

Vote NO, just on the question of principle!

Fingers crossed for a better (fairer) deal to emerge.

goldhunter