Re: Good comparable for Borden
in response to
by
posted on
Feb 09, 2011 06:08PM
I originally bought back into PRB for the chromite play.... but as Borden came into bloom I am holding strong for Dave to drill the crap out of Borden.
With less than 40 million shares out, 2 million oz proven and probable with similar market cap yields huge upside for PRB holders. This could be a year or 2 down the road and likely another 100 to 150 holes. Now if Borden continues to consistantly yield great overall average grades over these huge intersepts, Borden COULD be our winning lotto ticket!
Hopefully Dave gets finality on either the Chromite or the Goldex royalty soon. With any sort of realistic cash infusion PRB will not need any financings and drilling those holes will be anounced in a robust drilling program..... Hopefully these most recent holes define extension of the mineralized zone and infill definition drilling to define total overall average grade. There seams to be robust high grade intersections, these are likely more pronounced than earily indications.... and as such definition drilling will likely increase the average grade on each hole as more of these high grade intercepts are found.... JMHO
Gross tonage and grade so far are most encouraging..... much better than many other jrs trading at robust market caps compared to PRB
JMHO