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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

Bullboard Posts
Post by Risktaker7on Oct 23, 2009 7:55pm
432 Views
Post# 16419521

Very Cheap

Very CheapWith a market cap of about 12 million, Probe will look very attractive to Lakeshore even with just average drilling results from their Timmins property. They are drilling about 800 meters away from Lakeshores Timmins project and there is a good chance for a stand alone mill being developed at the Timmins site by Lakeshore.
What I am saying is it would be alot easier and faster to just takeover Probe completley, then go through a costly and time consuming 43-101 on that property if drilling results are good enough. That is that fastest way to advance the property and start to process ore from the site. At these prices and low market cap, Probe is a buy right now and a strong buy with average or better drilling results. 
Bullboard Posts