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Message: Euro Pacific Comments

Thanks Mark for posting.

- Europacific is conservative in its prediction and maintaines the target price of $4.00/share. However, this is 1.6x of today's SP at the close. Just wondering when Scotia would come out with an update for its 1-yr target (which is less than PRB cash component per share). We note of course that PRB has 2M+ozAu under the lake at >5gpt grade in a favourable geometry which is amenable for an profitable UG operation. It must be difficult to get out from that deep hole...a jump of a factor of 8 (from $0.50/s) to get to $4.00.

- 8-12 drills turning: That part of Borden Lake will be a busy place this winter. Anyone knows if Dave is having any drilling from a barge?

goldhunter

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