Probe Gold Inc T.PRB

Alternate Symbol(s): PROBF

Metals & Mining Gold

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

Probe Gold Inc > Some somber thinking! Probe is about to be bought out.

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Comment by Schmobyon Feb 09, 2022 6:06pm

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Post# 34414556

RE:RE:RE:RE:RE:Some somber thinking! Probe is about to be bought out.

I emailed IR/Seema, not expecting much of a reply TBH.

I asked why there hasn't been promotion and webinars like many other companies successfully do. IE Great Bear and many others. Sometimes you have to get the word out or talk to shareholders and walk them through the projects. Basically educate the investors and analysts.

I have a feeling they are so preoccuppied running Angus and Canstar that it's impossible to focus 100% effort and time on PRB and it's basically on cruise control here. As long as big salaries and cheap options are handed out like candy then there's not much incentive to perform, compensation should be coorelated with some level of performance, I feel it's a bit too generous.

I am disappointed unfortunately after all of these years of waiting and missing out on some very large gains. I nearly moved all of my PRB over to GBR in in late 2019, but held on believing that Dave and Co would come through at the end, well I am still holding dead money here sadly.

I will be pulling the plug on PRB this year one way or another.

Bobwalkerstocks wrote:
JM thanks for your response. Hopefully you can help Probe shareholders a good price by communicating with management.

Some Thoughts

if any company buying Probe such as AEM, EGO, WDOME, OSISKO or Barrick -the infrastructure build out for them is inexpensive and limited.

- They are all already operating in ValDor.

- They can simply put Probes ore through their mills.

- The distance between Probe and these operators is negligible 10 to 20 minutes.

- The area has good roads, rail roads, inexpensive electric
- They are in a very mine friendly jurisdiction

- In addition Quebec has a favorable tax code compared to the other Canadian Provinces.

-The closeness of Probe to these operating mines is so good that the investment to add on Probe ounces will be extremely profitable.

-once Probe Metals bought there is no one else to buy in the area. VAL DOR IS A TIER ONE JURISDICTION.

Probe is a game changer for all companies including Eldorado Gold, Agnico, Osisko, and Wesdome. They will have a significant boost to their production ounces, great exploration upside. The inexpensive entry to buy PROBE METALS with no infrastructure capital for each of their production profiles should lead to competitive bidding and very motivated buyers.

JM, since you are close to management please tell them to not lock out competitive bids. Also find out if they have a deal already in place that the stock will not move up.

JM, it’s important that management knows that a price of C$750 million or 5 dollars per share is a MINIMUM EXPECTATION. It also means that our Detour land package and the Chromite is also spun out to shareholders.

JM, I know the competitive tension for our ValDor project is high given that at least 3 possibly 4 companies want us. Management MUST entertain all three OR four offers AND NOT ENTER A BREAKUP FEE AGREEMENT WITH ONE COMPANY to eliminate the competitors from bidding a higher price. JM or others on this board please ask Dave, Jaimie and the Board to please work for a strong bid and to not fold. This is a one time deal opportunity.