I've read the posts on west timmins and thought I'd chime in too. I am also quite disappointed that we havent got any drill results published yet on WTM's drilling of the JV property. I'm actually not sure on the terminology of the agreement. I dont think its a JV property. I think its 100% owned by PRB, but optioned to WTM. Thus, there is an option agreement between the parties and the terms of this option agreement rule. Both parties must abide by them. Its my understanding that the agreement provides that WTM controls all the exploration while the agreement is in force. Furthermore, as long as WTM meets the drilling and spending requirements that are in the terms of the agreement, they will remain in control. I even heard, not confirmed, that in this recent drill program that WTM didnt even drill the best targets. Why they would do that, if its true, I dont know, but it sure does sound like some some sort of monkey business may be going on. Meanwhile, it appears that PRB has no control over this as long as WTM remains the operator. Sounds like WTM has us by the behind. I dont know if there is anything that PRB can do about it but wait and see what develops. I was quite excited when WTM announced they would drill this propert, but its unbeleivable and a total downer that there are still no results. The property seems to have a lot of potential in close proximity to several gold strikes, but WTM sure isnt breaking any records in drilling the best targets and publishing results promptly.

Also, every option agreement has its own terms. For example, the JV with Noront is set up with PRB as the operator for the first two years and each company pays 50% of the drill expenses. In this situation, each drill program needs to go to a joint committee before its approved since each is paying 50/50. With the WTM agreement, PRB owns the property 100%. But WTM is sole operator, pays 100% of exploration costs and calls all the shots on exploration. As long as WTM meets the terms of the agreement, the agreement remains in force. So far, technically, they have met all requirements.

I got some of above explanation from PR a while back. I tried my best to relay what was explained to me. Keep in mind that I'm not a guru on this stuff. Someone posted that PR never gets back to them. I can only speak for myself, but whenever I call them, Karen gets back to me right away. I dont call often, but when I do I have never encountered any delays or problems at all.

Although the situation with WTM sort of stinks, I dont own PRB soley because of West Timmins. I sure hope that we get some news on drill program north of eagle and 43-101 on chrome soon. I think that those will be the big driver of sp in near term, if anything. We havent had much in official news for quite a while, but I am hopeful we get something soon and here is why.

The PDAC is coming up on 3/7. I just have to think that since PRB is exhibiting there, that they will want something positive to showcase. Hopefully they will have some significant news out by then. If they dont, then I'm thinking that all bets are off and it could be a long haul. Just my thoughts.

Profitz