Had another quick look at the results and comparing the two sets of results on the same basis using 0.3g/t cut-off.

- old values: 0.305 MozAu indicated + 3.755MozAu inferred = 4.06 MozAu

- new results: 4.051 MozAu indicated + 1.797 MozAu inferred + Ag credit = apprx 6MozAuEq

That is almost 50% increase in the resource since Aug 2011 to Mar 2012. Also, most of the inferred amount has been converted to indicated with the in-fill data. The indicated resource is now over 4 MozAuEq threshold, which is quite respectable for a junior like PRB. The bankers and analysts can now look at this "proof" and start giving PRB a better valuation. The inferred amount of about 2 MozAu is not bad, but the objective of this updated results is to show the significant increase in indicated resource (that bird of 4 MozAu is now in hand). Data of many already done step-out drill holes have not been used in this round of estimate. These along with additional new step-out (and in-fill) would bring the total indicated plus inferred to about 10 MozAu (my guess using the shoe box model). Now that would be something.

It's a bit disappointing to see that the SP gap-up after the halt (to about $2.00/s) did not maintain at that level, and the SP settled back to 1.40 at the close. Perhaps, this was due to some profit taking (by people who got cheap shares). Anyhow, this presents a golden opportunity for other to get in at this share price. It looks like the market needs some time to digest the results which in my opinion is just fantastic.

Cheers,

goldhunter (waiting for the other shoe to drop in that 10Mozbox)