RE:RE:PRBWell, I dont really agree but that why boards are here !
PRB is willing to spend 7 million give or take for Cadillac Break East ...and they also get Sleepy 70 % of a proven high grade 300,000 ounce ( 210,000 net ounces not including probable ).
I hold a lot of PRB and didn't think anything > $ 1.50 would hold.
Should be around $ 1.30-1.50.........maybe a little more considering the low number of shares capital on hand and ability to generate cash at these levels while not being to dilutive.
PRB can drill on Cadillac East prove up a resource if its there ( thats the only gamble ) this adds ot the 210,000 ounces from Sleepy....
As for a PRB AZX merger. I think PRB will focus on
- Val Dor ( get to 2.5+ million ounces + proven )
- Detour if results are positive ( finance another joint partner with Soquem )
- Cadillac Break drilling Dec 2018 -Mar 2019....results in early May 2019 )
- last but not least a paper swap at some ratio that will keep people arguing for a while.
I have a bit of time....
GLTA