RE:RE:RE:RE:RE:RE:one week to goMaybe? PRB and Dave P has always kept a decent treasury....always!!! I bought some more AZX just in Case....but I hold both PRB and AZX...Dumped my Terrax around 0.85 ....TXR is another AZX in Waiting ......there latest news release stated they double there resource in sized based on one hole...at double depth ...? really ??
I Think to Raise 14 million....in this market is tough anyways and at the end of the day....it gives Dave P flexibility.
The find in Val Dor...is fairly loose and good recoveries can be had with a Ball mill / DMS / some mild leaching + PRB is getting all there permitting in Place they always do...
I have been with PRB for like 11 + years...treated me well. As for PRB boosting nope..just see it differently.
Other possibilities:
- Drilling on Detour was good and he wants to commit to another drill program with SOQUEM ? and quickly
- PRB wants to drill Cadillac Break right away. Like July-December
- PRB want to buy some land next to lands already held.
All this is while Val Dor is expanding and investigational drilling is occuring.
In fact # 3 above is what kept PRB Borden from Being bought....the land due east was held by a family ( i think it was a lumber company ) and the deposit was growing deeper and larger to the EAST and PRB needed the land....so it all happened very quickly. He also to act quickly with REC if you recall.
PRB is a tight ship....very very tight...no information leaks. It is acting the exact same as before Dave P and his financing was always to top up an already "great" treasury relative to most Juniors
In fact when he raised money previously it was the same .....what are you doing ? You still have 10 to 15 million. I am looking at a lots of Juniors ...2 million here 3 million there maybe 6 million ( Terrax Mining ). Dilution becomes an issue.
PRB published fully diluted is still around 100 million shares +/- and rouglhy with expansion drilling ans Sleepy close to 2,000,000 Viable ounces with decent cut-offs and grades.
The other thing to consider is that someone ....gave Probe 14 million and they wopuld like there investment to double !!! or more.
A lot of Juniors....to get ot a 10 million drill program would have to issue 25 million to 100 million shares...yikes !
A single raise of 14 million iin this junior market...not too shabby.....!!
Anyways, I hope both go up...but Gold needs to get to 1450 to liven things up a bit !
GLTA