No actually I would rather have downside risk insurance.... Divesting the 3 properties close to DE1 for NOT paper means that if there is another deposit on PRB's ground NOT will quadruple anyway..

I hold all of these stocks.... so it doesn't make a big diffence to me either way... PRB drilling it or NOT drilling it.

The only deal that would not make scence to me is to JV it similare to FWR deal.... In such a case the downside risk is still in PRB but the upside potential is reduced.... since PRB has ample cash in the bank to drill there is no problem.

In my estimation this deal is worth 10 million NOT shares to turn over those properties and they could divy out one for 5 and keep the balance as upside for PRB

Looks like negotiations have been underway for a while.... with unrealistic expectations on both sides... hence the turs wording of the news releases.... They don't sound like they are buddy buddy.... but a deal may still be worked out on mutual terms.

Managment of Probe are holding heavy, so they should make a deal in line with shareholders intrests ..JMHO