LT/Mark

We all agreed that PRB is way undervalued compared to its peers around the neighhood in the "golden triangle" Sudbury, Timmins and Chapleau. In aprevious post PRB was compared with LSG as well for a potential edge of PRB over TRR. Perhaps, as "friends" (the JV hole with LSG...one hole drilled and absolute silence over almost? a year) there may be some synergy between PRB and LSG in PRB using LSG mills in West Timmins, hence eliminating the cost (or part of it) to build a separate mills? But, what would be more interesting would be a bidding war between LSG and another "friend" AEM (a $6.3B medium size gorilla with which we have the royalty at Goldex).

BTW, you indicated

'Someone previously mentioned TRR valuation on the newly revised estimate of 5.9Moz is now $78 per MCap Oz,..." for arriving at $78/MCap. The 5.9M oz is the inferred portion, there is the indicated portion of 0.9Moz for a total of 6.8 Moz. In terms of the size and type of the deposits TRR and PRB are pretty similar. Size comparable (noting deposit extension of PRB main zone and the nose), grade around 1+ gAu/t, high tonnage, and pitable. It's crystal clear that I am trying to list some PRB advanges (bias opinion of course) over TRR.

- One mentioned above is the proximity to LSG mill

- Is there any advantage of Hwy 101 over Hwy 144 from the point of view of ore hauling. Anyone?

Putting all that aside, if we add all the current deposist up PRB +LSG + TRR = 4.2 plus + 6.5 + 6.8 = 17.5+M ozAu which is not a shabby lump of ore for some seniors to smack their lips. In this scenario, I am not sure if AEM is big enough. Combined MCap for all three: 136 + 528 +565 = $1.23B (small enough for one gulp from a biggy such as ABX?). Perhaps, AEM (their MCap is $6.3B, but any idea how many M ozAu they have?) should be thrown in that lump as well to stir up some fancy thoughts from the biggies. A nice Golden Triangle District say I.

goldhunter