Probe Mines Cash The note in my last post says: "Note: Just saw PRB cash of $40M as of December 2012 (see top of Agoracom board for PRB) , rather than $32M, so presumably $8M worth of (old) wts have been exercised before year-end. Hence the revised total cash available: 40 + 15 + 11.7 = $66.7M... plus a bit more if there have been more old wts exercised from 1 Jan to 21 Apr 2013. Lots of cash, which may cause some salivation from bigger fish."
But a poster pointed out that PRB last NR says cash = $32M as of 31 Jan 2013. So, my number of $66.7M may be overestimated, but there is no indication from PRB about the # of the old wts @$1.70. To be on the conservative side the cash stash should be considered to be in the range $50M+ to $66M, which is still plenty for PRB to do what it wants to do during the next year or so.
Please weigh in if you have a more accurate estimate.
goldhunter