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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

Post by Myner2022on Mar 02, 2023 12:46pm
200 Views
Post# 35315439

PBR’s Potential capex saving of up to $331m

PBR’s Potential capex saving of up to $331mIMO the following analysis is PBR's golden nugget 

on page 7 of PBR's presentation 

Novador PEA (2021) Summary it states that "Optimization of mine plan with fewer pits " and "Potential for future increased production due to resource growth "

IMO another reason why DP is so laser focused is because 

I went back to the NR of September 7th 2021 (PEA) under heading of Capital Cost

"The $484m in sustaining mining capital includes $153m for the mining fleet and $331m for underground ("UG") development....."
This capex would be in year 4.


So IMO because of the increased mine efficiency and potential production expansion this capex of up to $331m for UG expansion would not be necessary in year 4 

This translates to potentially creating shareholder value of approximately $2.20 per share based on 151m shares outstanding.


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