How is Probe Gold creating value? A wrap up An analogy is a cellar master producing a fine wine. All the elements needed are a skillful winemaker, a renowned wine producing area, conducive climate conditions, soil, etc.
On the location
The CEO of Agnico Eagle stated that the
Abitibi region is “the best place to mine”
Val-d’Or has existing infrastructure (power,roads and rail) as well as a skilled workforce.
On Drilling
CEO of Osisko Mining said that "It's the largest single underground high-grade ever discovered in Canada.." The average is 9-10 g/t
"The deposit continues from the drilling that we've done down to at least 2.8km. Our resource only covers the first 1200 meters”
He goes on to say Windfall is analogous to "the whole of the Val-d'Or camp. .. The geology is the same"
I previously benchmarked QMX’s sale of $132m
In comparison Probe Gold has 3 times the land position
Approximately 8 times the gold resource
but only 1.65 times Probe’s current market cap of $262m less $25 in cash
In the meantime I’m opening a bottle of fine wine
CHEERS!