RE:RE:RE:The Perfect StormProbably correct....we won't see any action until the 43-101 is released.
Note: Borden had a deposit the was expanding ...but under the TEMBEC owned land ( if i recall correctly ) PRB sold when gold was 1200 U.S. and ounce. AU is now 1500 and maybe going higher.
Currently, one drill spinning keeping costs low! but research high.
Speculating 43-101 ( 2.3 + million ounces ) ..share price rise to around 1.75 to 2.00 and then some indication as to the mineability of the deposit...possible flow through around 3 dollars....put out another 20 million shares and 10 million warrants...$ 3.50 exercise price ......or something along those lines.
This will be followed by a large winter program...6-8 drills including Cadillac East.
I am hoping Osisko is aware as 03 just closed AZX. PRB will have 70 % of Cadillac East ( represents about 40% total 03 land holdings. Cadillac East has Sleepy ! and looks like it extends 800 metres south.
A nice quick 4 dollar buyout...Cadillac East could be very interesting since Sleepy already exists.
Osisko decides they want PRB can they afford it ?
My 2 cents GLTA