Been away for the past couple of weeks. Just noticed PRB August "new" presentation. Some observations:

1. It has aupdated the OS (85M) and cash position (~$45M, worth $0.53/s, and chromite alone is worth ~1.40/s, at least over $1.00/s).

2. Slides 8 & 14 together (They should have drawn the 50-50 JV boundary on slide 8 to make it more informative and save readers some time...I had to draw it on myself) show the HGZ with respect to the 50-50 JV and the wedge zone (which is less than 200m along the strike)

3. Slide 14 shows the new (smaller) constrained pit which seems to cover most of the 50-50 JV JV and up the the edge of the wedge zone.

4. From slide 8 (with some added information to show the wedge boundary discussed in 2. above) indicated that the 100% PRB HGZ appear to be under a "neat" package under the lake with additional resources expected toward the SE and other directions (depth, width).

5. Land deal: While the lumber people are pondering about what to do with a land deal, perhaps PRB could help them along by proposing a ramp in the bottom end of the diagram, bypassing the tip of the wedge, and heading toward the HGZ under the lake (which could contain 3-4Moz of high grade stuff, following further drilling) for an initial UG operation. Just forget, for now, the new constrained pit which covers the 50-50 JV, and go for an stand alone UG operation from 100% PRB lands.

Let the lumber people come courting if they are intereseted in getting some money (cash, shares, and/or NSR) for their claims. In other words, let them chase us...we don't need to chase them, since we other options available, including a good hit in nearby 100% PRB claims, or in the East Limb.

goldhunter