Solid foundations. New horizons.

Free
Message: the delay in news

The way I see it, the market is giving PRB about one million ounces of gold in the ground right now without giving consideration to other assets.Dave should have at least the same estimate in hand or risk of share price drop quickly after the news release in this market environment.

I am not concerned about any potential takeover bid at this stage.Meadow Hen had a good point----there are quite a few well established gold deposits in Canada and major companies are just playing the waiting game.However,one company may have a lot to gain if PRB can prove that there,s already a sizable deposit in hand.This company is Agneco Eagle of course.Just think about it,they would love to have a gold deposit in Ontario with highway and easy access to infrastructure.By owning PRB,they will also retain their 5% NSR from goldex plus the chrome deposit as well as putting their first footprint in West Timmins. And how about owning an entire new gold camp at Borden Lake with much more ounces to be discovered in the future if they can get their hands in early.

Here comes the reason why the long delay in new release.May it be possible that while concentrating on the S E ,Dave had also been drilling single holes at different areas within the claim to test for gold mineralizations.If successful,he can convince shareholders and the market that PRB is and will be worth much more if we are willing to wait for the right time and right price to cash in.

Share
New Message
Please login to post a reply