RE: RE: VERY InterestingNot only is PRB located in a STRATEGIC location (situated between the Black Thor and Big Daddy chromite deposits) but what we have is now considered a STRATEGIC resource...this story just gets bigger and better.
Buy, Hold and Accumulate
Venturevest once stated in an post...
"This is why Cliffs did not chase after KWG.... it would simply set a higher price for the Chromite.... as Cliffs can move ahead without KWG, but they need PRB to make the whole project more efficent.... Without buying out PRB, Cliffs will have a higher capex pre production and have to leave some resources in the ground.... With PRB they have the outcrop and better open pit utalization"
Just a thought .... Could Cliff Resources have intentionally left the acquisiton of PRB till last knowing that they would have to put out the bigger $$$$?