Mark,

As I indicated in my reply to Catso, I am not objecting to our preparation of a note documenting various valuations, including our own, based on all the holdings PRB has. In fact, this is a must-have document for us to be ready to table it at a moment's notice. The emphasis of this document should be on our own assessment. We can refer to others done by analysts from financial instutions and investment letter writers with solid reputation. We can even rebut some unreasonable valuations. This document will provide a price target to aim for without saying point blank that it's PSU consensus on a price.

The reason for this:

- it may be too early to have this revelation;

- we don't want to box ourselves... in a box, since thing may change along the way

- we don't want management to get scared, or start talking about price and getting bogged down in the detail at the initial encounter. Let's probe them first. May be they have a better price target?

As the Gambler says "there'll be time enough for countin'" when the dealin's done.

"The Gambler", for your listenin' pleasure

http://www.youtube.com/watch?v=esAr0qGu2S4

goldhunter