PricePRB should be at 2.80 to 4.00. The market is soft.
Reality is this...a lot of takeover's are in the $ 100 - 200 per in-situ ounce.
The rate is variable....underground versus open pit, % recoverable grade etc.
PRB is :
1) Very close to major infrastructure
2) 4,000,000 + ounces
3) Chromite long term asset
4) NSR on Agnico eagle mine
4,000,000 ounces is a resource. If they have more proven and probable at the NOSE or FOLD this will be come a major play (it is already)
Just the markets holding this puppy back.
I will be monitoring....anything below $ 1.25 is a steal!!!
GLTA
JMHO