Probe potential

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res-investor

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Probe potential

in response to

Re: Update this week?

Thistime

posted on Feb 08, 2011 12:10PM

Borden is a game changer for PRb.... at todays gold price every 750,000 oz has an insitu value of a billion bucks. Typically the stock should take a value of about 5% of this value.... IE 1 million oz = 65MM market cap or in PRB case about $1.50/ share / million oz

Considering this is in Canada, a mile off a highway, and is open pit potential with average grade in excess of a gram..... with higher grade intersections over substantial widths.... what more could a gold bug want!

Will be very interesting once the initial 43 101 is produced... Question is how many more holes will Dave drill before the first cut... hopfully we have a total of 50+ holes for that.