Agree that the cards are setting up for PRB quite nicely. Based on the past it might appear that DP wants to keep the float in check and now he has several plays that are on the verge of dividends. The total shares is about 37 million which is low for the number of projects on the front burner. There are also possibly warrents and options to be added here that will take the total number over 40 million. It would be great if there was a deal in place to unload the Chromite asset in the next few weeks, this hopefully will add cash to the bottom line.

In addition, there in Agnico-Eagle, a deal may also be in place which results in more cash. The present 5% NSR is huge when compared to most NSR so it would not surprise me to see the company receive cash for a part of the present NSR. The West Timmons site is also in play, a new deal with LSG might include cash, a percentage of the property until a detailed drill program is completed by LSG and finally cash and a reasonable NSR if indeed there is a resource on the claim block that can be mined at a profit. Lots of blue sky but all possible.

The next program on PRB's plate has to be a detailled drill program at Borden Lake, unless DP has another card up his sleave. Given the geological setting which is the same as many multi million ounce deposits from Timmins to Val d'Or there is in my opinion a company maker on the horizon here. DP has already shown some cards including great widths of 2 gram gold and his NR notes that the grade maybe increasing with depth. How deep will the mineralization go, what will be the length and width of economic gold? We will hopefully see as this plays out over the next 6 to 12 months.

I hope there is not too much blue sky in the above, please do your own DD.

MH