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Message: Comparison with RR and TRR

PRB

-4.06 million oz Indicated and Inferred

-57 million shares

-$1.65 sp,with MC of $93 million

-chromite value of $2-3 per share

-other substantial assets

TRR

-4.22 million oz inferred

-157 million shares

-$4.00 sp,with MC of $490 million

RR

-4.4 million oz M & I and 2.3 million inferred

-84 million shares

-$9.65 sp,with MC of $800 million

There is something wrong ( not a pun ) with this picture, with respect to valuation of PRB shares.

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