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Bullboard - Stock Discussion Forum 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... see more

TSX:PRB - Post Discussion

Probe Gold Inc > My simple question to the BOD
View:
Post by Goodluck395 on Jun 08, 2024 11:57pm

My simple question to the BOD

Why is Probe Gold so undervalued relative to its peers?
 

Recap of Probe's Stats

Mkt Cap US$165.85m
 

PG  valued at US$26.75/ounce in terms of  resource and market cap.

1.3g/t with a annual production average of 255 000 ounces of gold over LOM(PEA).

All-In Sustanting costs of Us $1050/ ounce(PEA)

Margin at current gold prices 50% plus.

Repayment of capex at current prices - about 2.4 years ( guesstimate from PEA)

NPV at current gold prices is a fraction of the value.
Two PEAs
Applied for accelerated permitting.

Prime Mining (Mexico)
Mkt Cap US$210m
2.2m oz of AuEq ( silver byproduct) which comprises of 
1.47m oz AuEq indicated at 1.68g/t
and 0.73 oz of AuEq inferred at 1.26g/t
"Selling for" $95/oz AuEq
no PEA
no permit application
Probe trading at a massive 72% discount to Prime Mining (US$95/oz compared to US$26.75/oz)

Mayfair Gold (Ontario)

Mkt Cap US$160.62m
3.64m oz of gold at .93g/t
"Selling for" US$45.4/oz
no PEA
no application for permitting.
Probe Gold trading at a 41% discount to Mayfair Gold (US45.4/oz vs US26.75/oz)

BOD
The answer is ...?

Comment by mtzorfas on Jun 09, 2024 2:44pm
Two main reasons: (1) they do virtually no marketing, proactive outreach to get investors to buy in; which leaves the stock trading on absurdly thin volumes. This allows banks to take advantage of them by easily manipulating the stock price and keeping it artificially low so we can get acquired for way less than we are worth; and (2) to compensate themselves for the ultimately low buyout, the BOD ...more  
Comment by biotechguy1 on Jun 09, 2024 4:54pm
Victoria Gold CEO and others  From Yahoo https://finance.yahoo.com/quote/VGCX.TO/financials/ 2024  $ 403,385,000 revenue....PRB would be $ 726,000,000 less expenses....similar boat just PRB no revenue. GLTA 
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