Goldex Royalty Sale
“This was good for both parties, and was a move I've advocated to mgmt for some time now. - Gives PRB 45MM cash!!” WB
Great Deal, to realize the value of Goldex upfront! $45M now for Treasury plus future 2013 warrants in the money, about $18M worth plus Options that are also in the money…
9,197,500 April 21, 2013 $1.70
1,111,200 April 21, 2013 $1.35
372,000 November 8, 2013 $2.25
10,680,700
Needless to say the Treasury is strong, now we can proceed with scheduled 4Q news,…
Assays, Metallurgy and the New Resource Estimate
(My prediction just for fun +7 Moz on the Global, for a 20% increase in reserves, though this new estimate will be using +100 more holes than the 159 drill holes previously on the 02 April Revised Estimate)
Cheers, Mark