Why do I feel that no one understands Probe Metals? Why do I feel that no one understands Probe Metals?
1) 4 million ounce resource worth at least 110 dollars per ounce, or 440,000,000
2) 1.5 million measured and indicated ounces worth 40 dollars extra per ounce or 60,000,000
3) Value of resource 500 million
4) Shares fully outstanding 150 million
5) Share value per FD shares $ 3.33
6) Value of Detour Package $75 million or $.50c per share
7) Cash &Securities $30 million or $.20 c per share.
VALUE PER SHARE $4.03
Current Value C$1.80
Stock trading at a 55% discount to its value
Stock upside potential C$1.80 to C$4.03 or 124% upside
Other catalysts in the background are
-Impressive drill holes from Monique not included in the resource
-Drilling to date at Probe only contains shallow drilling. Large upside with deep drilling.
-Detour has become a very compelling asset in Probe’s portfolio. The Detour package on the Ontario side is owned by Kirkland Lake. Detour has become the most robust and profitable gold mine in Kirklands portfolio.
-Probe Metals Quebec Detour package has significant upside. Probe has already setup drill targets and is starting an aggressive drill program starting next month July 2021x
-Major catalyst is the PRELIMINARY ECONOMIC ASSESSMENT to be delivered by July 30th 2021 less than 60 days away. This will put Probe Metals front and center to gold mining companies looking to acquire additional ounces as the gold price continues to favor aggressive production.
How can company be trading at such a discount to its peers and to its value versus the current price?