Re: East Limb
in response to
by
posted on
Jun 24, 2014 05:46PM
Could be they are going there and not indicating. If they "tell" people exactly when they are going to drill....then they will be held to a schedule on # of Holes Assay's etc. Dave is smart. He will drill 5 -10 holes...if he doesn't find anything then their is no material change so PRB does not have to report.
If they drill and find say another zone similar to Borden...then they can announce the second zone.
Keep the drills spinning at Borden...already a resource...Gold is on the rise. I hope they find a second zone....and just put borden on simmer with one drill. Do a financing in the mid 4-5 buck range...say 15 million shares. Then drill the Snot out of East limb until the 50/50 JV land is reasonably priced. It can always sit for 20 years if need be....esepcially if east limb is positive.
So ...maybe just maybe...Dave is drilling inthe next few weeks. Maybe hit first or second hole. THat would be nice !
PRB looks posied for a Quick Buyout 6-7 range ( 100 bucks an ounce )....maybe just sell Borden and get PRB "Newco" started with Chromite and East Limb.
Good luck