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Message: Re: Tidbits – 20 Aug MD&A
9
Sep 08, 2012 01:21PM

Hello Mark,

Just a few comments for your interesting tidbits,

- Enough cash in the bank to carry out some decent drilling, perhaps enough to push the resource towards the magic 10 M oz Au.

- Implication for the high grades in the composites (1.6 and 4.2%), anyone has some idea what this means?

- Additional cash for the kitty: It looks like approx $2M could be raised from the options with exercise price below $1.00....and a good chunk (~$10M) could be available before April 2013, if those at 1.70 and 1.35 prices are exercised. Hope that PRB SP could get to the $2.00 level before year end, so that PRB does not need to negotiate financing with bad bankers (we know at least one of them).

goldhunter

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Sep 08, 2012 09:02PM
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Sep 08, 2012 11:59PM
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Sep 09, 2012 09:43AM
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