Catso,

Thanks for posting Dave's presentation at the Denver Precious Metal Conference, 10-12 Sept (did I get that right?). Essentially he added some interesting tidbits to the Sept Corp Presentation (on their website).

- Low grade open-pit morphed into a stand alone UG mine potential with some 2MozAu (and growing) at ~5gpt which is considered excellent by gold community standard.

- Infill plus extension to the other side of the lake in winter 2015

- Starting in 2015, ramp development. Condemnation/Exploration drilling has started (when and where, confirm anyone?)

- Treasury: Strong $45M + $4M = $49M in April 2015 (royalty)

- Followed by 10 analysts, 9 of whom Dave agrees with... but the 10th analyst is well-know. His had a one-year target for PRB of $0.50/s, noting that the cash component alone will be $49M/85Ms = $0.57/s, must be a real pessimist.

- Considering UG alone and which requires low Capex, and low cost. Sounds like Dave would be willing to leave the 50-50 JV and the wedge out for now (let them lumber people come, hats in hands, courting PRB).

- Land acquisition going well. That's fine, but it would be nice to hear an announcement.

- Potential profit (ballpark, based on $500/Au net profit): Some 150,000 ozAu/yr @ $500/ozAu = $75M/yr.

General impression: Not bad a presentation, he looked quite natural and confident in what he's was saying.

goldhunter