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Probe Gold Inc T.PRB

Alternate Symbol(s):  PROBF

Probe Gold Inc. is a Canadian gold exploration company focused on the acquisition, exploration, and development of highly prospective gold properties. The owns 100% of its flagship asset, the multimillion-ounce Novador Gold Project in Quebec, as well as an early-stage Detour Gold Quebec project. The Company holds a large land package of approximately 1685-square-kilometres of exploration ground within some of the prolific gold belts in Quebec. Its Casa Cameron Project includes the Casagosic, Sinclair-Bruneau and Florence properties, which are located north of the towns of La Sarre, Amos and Lebel-sur-Quevillon, northwest region in Quebec. It also holds three properties in the James Bay Lowlands area of northern Ontario, Canada: the Black Creek Property, the Tamarack-McFauld’s Lake Property, and the Victory Property. The Company has a 50/50 joint venture with Pan American Silver on the Meunier-144 property. It also owns 100% interest in the Croinor Property located in Val-d’Or, Quebec.


TSX:PRB - Post by User

Bullboard Posts
Comment by gravedigger51on Oct 13, 2010 9:39pm
401 Views
Post# 17561940

RE: Upside value creation

RE: Upside value creationGreat posts venture and I agree with you 100%

Royalties will help with cash flow and chromite should fill our coffers or war chest soon.(I would be suprised to see anything but a sale of this asset as ROF mines will not be in production for another 7-10 years).  This is a VERY desired property in the ROF and one that should garnish much interest (cause of the location, and deposit quality)

That is why Borden means something.  Cause I do not see LSG doing anything but dragging their heels right now. There is no immediate need for them to drill the property. 

Although good gold results in Borden does not necessarily mean an instant doubling of this stock, it gives the company a place to invest their money (hopefully with the sale of chromite and royalties) while having full control over the development of the property and gold is at all time high.
 
Hopefully something short term, and something mid-term.
Bullboard Posts