Solid foundations. New horizons.

Free
Message: Re: My last post re Palmer.
7
Nov 09, 2008 09:26AM
3
Nov 09, 2008 10:21AM
3
Nov 09, 2008 11:49AM

I can somewhat agree with cooper and dony but those properties,as good as they turned out,where not GIVEN away.I'm sure some of the money PRB has presently may have come from the SALE of those properties.We all know that Palmer drilled some bad(unlucky) holes but realize that the geophysical data set that he relied on were not as accurate as we see available today,some 3 years later.

Where Dr.Palmer can redeem himself now is by taking the new data set and applying it in a conservative fashion to the properties we hold in the ROF.Is he on good terms with some of the other explorers in the area,in order to share the knowledge that each hole brings or is he basically still poking in the dark?What has he learned about the geology of the area after drilling where he did.I will be disappointed if he takes the winter off,if he truly believes that there is economic mineralization on the properties then I'm all for proving it up even if we have to sit on it until metal prices improve.Also there could be room in the coffers to buy some PRB now but Palmer may be thinking correctly if he's diversifying outside of the ROF.JMO.

cs.

3
Nov 09, 2008 03:04PM
Share
New Message
Please login to post a reply