pru and byr

In light of the comments from PRU chairman about the third project "that we will find or acquire" and "we're looking at building in 2013"

On the assumption that our results are good, I'm looking at PRU's options vis-a vis "find or acquire". From their project info it would be difficult to imagine the "find" option flying in that time frame.

Other than PRU's main Central Ashanti project in Ghana, they have Tengrela, in Ivory Coast, with planned production in 2013. They also have another deposit near Central Ashanti called Kayeya, but I can't find a production profile for it or determine whether it is considered as a 3rd producing project. But at just under 500 000 low grade ounces, I'm inclined to think that it doesn't carry enough weight to be considered more than a satellite deposit to Central Ashanti with exploration potential.

Project 2, Tengrela, has ceased on-ground development for 4 months now because of the security situation in Ivory Coast. Given the unfortunate worsening of the situation there, some big question marks must be hanging over the schedule for development of Tengrela. So the security and uncertainty issues in Ivory Coast may have bumped Balatindi, in relatively peaceful Guinea, up PRU's priority ladder.

If, in my opinion the assay results are good enough for PRU, I'll be holding my BYR until PRU shows its hand. And all things considered, I don't think they will take very long to show it.