Good posts .... The fact is that those that have been fortunate enough to take some profits on those molly, potash and coal plays will be looking for a home for some of those profits.... maybe a safer bet for a portion of those is in the McFaulds camp..... This camp is maturing now... and real intrinsic value is being created.
The 3 billion figure is what the market is puting on NOT at this time.... very conservative considering the lack of country risk.... such as Venezuala, Equador and recently Kazagstan.
The second value added is grade.... grade is always king and DE1's grade is stellar..... A producer would have to be totally inept to not profit from ore valued at about $1000/ ton
The 3rd value added is depth.... DE1 basicly is an open pitable deposit.
Since we have the 3 main criteria of any business..... Location... Location.... Location I find it very easy to sit tight and wait for this vintage wine to mature!
Now if FNC drills next door.... Not will share in the excitment... If DE1 is proven to extend to the south with these grades... Then DE1 is a world class deposit in size, grade and value.... say hello to the multi digit dollar value.
Same holds true for PRB.... if DE1 achieve critical mass... say 10 million tones.... then PRB will see speculative gain in front of their drill program.
Holding all 4 of these proximity to DE1 plays. I don't care who expands the mass.... they will all benifit from a gain in tonage.