NOSE We'll see. I am pretty confident in them hitting on the nose and fold....!
Wouldn't be drilling continuos if the mineralization wasn't the same.
I think they are up to 2200 metres on the initial discovery zone "and" they have gone deeper.
3 Drills bringing up the proven and probable resources. The initial discovery zone could host a lot more gold once in-fill drilling is completed.
The Nose/fold "if their is decent grades" will blow PRB stock wide open.
Close to infrastructure.
My bet................AGNICO Eagle moves their now closed Val Dor operation to Borden and buys out PRB
They hold onto the Chromite and Hardball Cliffs many years from now.
Between buying prb (thus eliminating any royalty at Val dor) and selling the Chromite in 7 - 10 years........they will recuperate enough money to pay 700 to 900 million for PRB now.
Dont' think we can get a market cap over 900 million but you never now..........would like to see 7-10 bucks.
Good article in January Forbes on why you should hold gold. A lot of country's are raising their inventories of the shiny yellow stuff. Increased inventories allow them to get money from asset backed bonds etc. ie. The countries that have lots of gold can use it as leverage to borrow money and have the ability to pay it back when gold rises....is gold the new silent currency ? Don't know.
If the new drills are going to the nose and fold...I would be impressed.
News would be nice