RE: 10 m + oz potentialMore than likely the high grade will add another 3-4 millions ounces + the orignal 4...should be around 8-10 million zo 6.5-7 proven and 3.5 probable.
Secure the increased land....we should get 35 to 45 and in-situ ounce....sell the Chormite keep drilling !
Watching Gold consumption .....China is on a tear.....gobbling up gold. Probably to protect them against the U.S. dollar. Sprott says 2500 by next spring he is usually about 25 % high....so I will settle for around 2200 an ounce....regardless PRB will need to get cash to mine and process if thats the direction Dave is going in.....
I really belive credit markets are not going well.....and the housing fizzle in the U.S. reflects the inability of stimulus money to jump start the economy. The 80 billon a month was primarily given to banks to secure lower interest for refinance for american homeowners....if this strategy fails....and it looks like it is....then Gold will rocket anyone holding U.S. debt will attempt an offset with gold.
Remember Gold fits in your pocket !!!
Thursday shares should start to climb after this 2.00 sell-off....runs out of shares. JMHO
GLTA