I love prime rib, but as you know, it can be very expensive.
I found a recipe online for "poor man's prime rib". It's not exactly the same as prime rib, but if you put au jus and horseradish sauce on it, you can't tell the difference.
Preheat the oven to 500 degrees.
Take an "eye of round" roast. Rub it on all sides with sea salt, cracked black pepper, onion powder, garlic powder, and thyme.
Put it in a cast iron skillet with the fat side up.
I also coated it with corn oil, but the recipe I found did not say to do that.
Once the oven is preheated, put the meat in the oven and reduce the temperature to 475.
Cook 7 minutes a pound.
After the time is up, turn the oven off, but do not open the doors. Leave the roast in the oven for another 2 1/2 hours.
Slice and serve. Awesome!