Analysts price target is $3 or more The majority of analysts that follow Probe Gold have a price target of $3 or more which would give PG a market
cap valuation of about slightly more than $500m . This is similar to what Probe Mines sold for.
So what's the hiccup ?
Is the sentiment so bad for Canadian Junior Miners at record high gold prices?
Our Chairman recently said this about PG
" ... which stands as one of Canada's largest and most advanced gold exploration projects."
He should know a thing or two with his impeccable credentials ( lead director of AEM, former Chairman, CEO and CFO of Barrick Gold and a director of a multibillion streaming/royalty company.)
PG has shown that its got a great hand( 2 PEAs, Resource estimates and the many property acquisitions)
IMO it's the one thing that a potential acquiring miner
wants to check off their list and that's permitting.
This is borne out in a PR that DP stated that
"...we plan to initiate exploration programs to continue adding value while simultaneously de-risking the project by expediting the permitting timeline."
A beautiful pearl in the making to take the stock price to the next level!