PP A .08 the PP was a great deal. It's filled in lighting speed. it has to be approved by the exchange. As you said it is a process. People had the phone lines jammed trying to get in. They probably could have done it a little higher and had it fill fairly fast. they must have done it this low to get the money to try and extend the claim area. As the new release stated...
The exploration permit on the North American Gem #2 Mine willallow for enhanced efficiency of operations currently under way at thesite as well as the evaluation of the surrounding area for possibleexpansion. The exploration permit for North American Gem #3 Mine is forthe purpose of evaluating adjacent properties being considered forexpanded or additional mining permits.
The extention on their claims have good possibilities as it say....Gilliam Hill South Lease is comprised of approximately 500 acres andlocated just south of the North American Gem #2 Mine. Coal Seams thatare known to exist on the lease are the
Blue Gem, Jellico, Dean, and theMoss. Both the Dean and Moss seams have historically proven to be lowsulfur, high quality coal seams that are ideal for the utility(electricity generation) market.
We may see this go higher by week end. And if not we will get an announcement about the PP and maybe the mine #3 opening next week or so.