Goldhunter11:

You asked on April 12th:

Question: Does PRB need this extra ~15M to do what it wants to do for the next year or so, before additional financing is required?

My tea leaf reading says "not really" since with the $4M from the exercised wts PRB will have just under $40M (confirmation needed?, which is good enough.

Of course, the situation may change drastically next week if POG goes ballistic.

Just my speculation. Comments?

My answer/comment is contained in my Feb 21 post to Rosehill, (repeated below):

Peter's reply to Rosehill/Rosedale:(above):

If the "run" is allowed, then "cashed up" (apprx $17M) occurs; then another 50% increase in drilling (80,000 to 120,000 meters) can be announced at PDAC for 2013. This, plus "interesting cores" would justify the delay in the PEA, and provide time and justification to include data for another updated NR-43-101 to be included in the tba somewhat delayed PEA. This would also prevent a low ball takeover and action/ move up drilling the additional new drill targets (ie under the lake ice).

{spec on my part, but this is the fun part}. Peter

My comment:

I think that using your scenario of an additional $4M from warrants (total $40M) is reasonable, if Dave sticks to his current 2013 drill plan of 80,000 meters. I think that a fast release of assays (say this coming week) from sections 1800 and 1900 would, if same/better that the section 1700 hole results just released;... would provide justification to increase the 2013 Probe BL meters-drilled rate to 120,000M.

These announcements (1700 assays; 120,000M drill plan; patent claims aquisitions) would trigger the 100% warrant aquisition goal; stave off possible single low ball offer in low POG/single suitor environment; and provide assay basis for a second 43-101 (underground mining ) resource release when sufficient holes drilled by end q2/13. The two 43-101's could then be combined into a single FS by 2013 year end.

If the already drilled holes on 1800/1900 verify stepout trends the i would do these actions because it may be the last chance to raise funds for a long time in this free-fall POG environment. My opinion only.

Peter