Re: Spring / Summer should be great for PRB
in response to
by
posted on
Apr 21, 2018 01:46PM
I agree. Last news release location and results suggests expansion drilling is going amazingly well! Drilling in detour ? Drilling on Cadillac South Sleepy...?
If Dave hits something on 1 of those 2 that would be great !
If Cadillace Is positive then Palmer will need to pay a little cash to get a resource projection in order to get to 70 % . Palmer can just sit on it like an asset and people interested need to go through PRB and AZX
If I held AZX I might buy more and average down ...... should stay 0.06 to 0.08 for a while .....
A paper merger like adventure gold might be okay ..... AZX has gold so I don’t know .... maybe 16 or 18 to 1 AZX for PRB .... maybe higher hard to say.
Probe still has chromite and potentially Sleepy ( 60 % ) of 300,000 oz’s
i believe PRB will get into the 2 to 2.25 range by the end of August ... and Palmer will announce 2019 drill programs and a flow through finance. They have tons of cash for day to day .....so not much dilution unless they paper merge AZX
Take the time
Captain time