Re: SP
posted on
Oct 25, 2009 05:43PM
I trhink the same thing.... I figure that NOT has diclosed how much they want to consolidate the area.... Willing to dilut themselves about an additional 50%... This speaks volumes for the oportunity within PRB..
I figure the ideal scenario would be to trade the 3 properties in the core for say 10 million NOT shares.... If a portion was diveyed out.... on a 1 for 5 basis this would be equal to about .36/ share. This would only cosume about 6.6 million of those shares, leaving 2.4 million shares held by PRB.
The same type of deal could be done for the Wesyt Timmens property.. Sell the block for shares, divy out some and hold some.
Thgis would leave PRB in a very strong financial position, provide huge upside for the shareholders within PRB and the other diveyed shares..... PRB has plenty to drive additional value in the Tamarac and Victory projects.
Thus some simple math equates to multiples of todays trading price... Such a deal would launch PRB into the $1.00+ range... JMHO