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Re: rlfb06 post# 13

Thursday, 01/05/2012 12:38:56 PM

Thursday, January 05, 2012 12:38:56 PM

Post# of 21
I watched the sizable interest in Prosperity when it was listed early last year and looked into the property at that time, and noticed the results from the limited drill program this past year. Large property in a fairly unexplored (save for U) area with infrastructure issues and need for proving up was my read at that time.
I was very glad to see that although it appears Smash is being absorbed into Prosperity Adrian will be the lead person after the amalgamation.
I would be interested in seeing the logic behind the 1:1 Prosperity and 1.6:1 Smash - it is clearly not based on current market cap and it is hard to base on project values at such early stages.

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