RE:re volGobbly,
I hope your right...fact is I look at producing mines market caps and reserves...I formulate that at $ 45 and in-situ ounce PRB is max at $ 4 to 5 a share....but if look at AEG and their involvement...the classic scenario is what I suggest...dilute and buy...two or three rounds of financing and 120 to 140 million shares....offer 3 bucks....and Voila you have an asset.
Truth is I am torn on PRB.....I believe this is a mineable deposit....I also believe Dave P has enough skin in the game ( 1million shares + about 350,000 in options ) to require about $ 6-8 bucks...in order to say "see yah all later". Facts are facts....Look if they settle the land with the Unknown lumber company ( look it up ) and get the chunk of land east of the lake....then...I think 6+ is reasonable. Until then we need a spike in gold or significant news ( like Pretium ) and go deep. Linking the East Borden with current position would be ideal..!!
I am not opposed to anything at this point.... just the rythym....volume tapering as we get close to strike price...practical....take my heart out of the equation.
I do believe a) gold fits in your pocket b) their is more gold in and on paper thatn really exists.
In five years you won't be able to buy physical gold JMHO
That being said...the Rupee dropping is preventing the lid from coming off the price of gold. Thank the lord for China....gobbling up gold ....like dragonflies in a mosquito zone!!!
Enjoy....!!
GLTA