- Exercise of wts: From now to 21 April is approximately 2 wks. To get the other 85% of the $1.70 wts excercised the SP will need to jump from 1.58 to just over 1.70 (say, an increase of $0.14/s = $1.72/s. This little carrot of $0.02/s, as an example, would entice the exercise of the wts for some small profit...The math (kindly check my math): 85% of 11M wts x $0.02/s = $0.187M = $187,000, which is not too shabby for a quick flip...and PRB would have $15.9M added to the treasury. This will result in some dilution, but one does not get something for nothing. It's always the balance between dilution and money in the bank (PRB now knows which bank to avoid).

A release the results of one (or two) good holes under the lake, say in the range of 10+gpt, should cause a gap up of $0.14/s or higher to satisfy the above scenario.

- POG going balistic would have the same effect.

- A third possibility would be if there is a sudden and strong demand for PRB shares, then the SP would be expected to move up. The current volume is so low that the SP could easily be manipulated to bring it down by the dark side, shorts may be, or some financial institution does not like PRB to easily rake in some money at $1.70/s, and would be forced to finance (say through a PP @ a lower price. Again, PRB should know which bank/institution to avoid).

Just my speculation for the day.

goldhunter