Probe Gold Inc T.PRB

Alternate Symbol(s): PROBF

Metals & Mining Gold

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

Probe Gold Inc

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Post by BSCasinoon Nov 03, 2010 12:37pm

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Post# 17651629

PRB Chromite Value

I'm hearing some numbers thrown out there valuing PRB's chromite at between $100-200 million.

Can someone please explain to me the following:

FWR was acquired for $240million. Black Thor asset alone has inferred 69.5 million tonnes @ 31.9%

PRB has measured and inferred of 8.5 million tonnes at 40%.

Okay, so this may double with next 43-101. But 20 million tonnes is a far cry from 70 million.

FWR also had half the Big Daddy resource.

Am I missing something, or would approx. $70-100 million be more reasonable here? Or is even that too high?
I'm aware of the other intangible benefits here, i.e. high ground, etc...

TIA

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