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Message: Hmmmmmmm - might be something here for PRB

LSG recently raised $77 million in a bought deal:

http://www.stockhouse.com/tools/?page=%2FFinancialTools%2Fsn_newsreleases.asp%3Fsymbol%3DT.LSG%26newsid%3D7846351

" The Company intends to use the net proceeds of the Common Shares for continued ramp up of the Timmins Mine, advanced exploration at Thunder Creek and Bell Creek, expansion of the Bell Creek mill, and general corporate purposes. An amount equal to the gross proceeds of the Flow-Through Common Shares shall be used for general exploration expenditures which will constitute Canadian Exploration Expenditures ("CEE") and Canadian Development Expenses ("CDE") each as defined in the Income Tax Act.

That Alteration on the PRB/LSG JV has yet to be drilled. We will find out soon if LSG fulfilled their obligations regarding the JV (and I don't think they did). To keep the JV going, I believe Dave will try to put LSG's foot to the fire regarding drilling this Alteration.

Here is the map showing the location of the Alteration right on the border of the Thunder Creek property.

http://www.probemines.com/s/West_Timmins.asp?ReportID=403791

Can you imagine what the PRB share price would do if anything close to the Rusk Zone intercept (12.75 g/t gold over an extraordinary 83.4m) is found on that JV property?

Lots more irons in the fire at PRB than chromite.

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