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 mapmakeron Mar 06, 2011 2:07pm

345 Views

Post# 18240734

PRB value of chromite

I used KWG's valuation by Cormack from last year. KWG has since removed the valuation (not sure why) but it gave a value of .22c- 30c for KWG at 829 million shares.

Given that 30% of Big Daddy would leave them with 11.85MT of Chromite which is close to our 8.6MT but i did the ratio per MTonnes.

If KWG has a value of 27c then we should be worth $2.54 at 37.7M outstanding shares

Keep in mind:
that doesnt include PRB other properties/interests
that DOES include KWG other interests (property, NSR, RR)
Black Creek might be open pit mineable like Black Thor
Big Daddy is not open pit mineable (as stated by Mac Watson)

I have equal interests in KWG and PRB but I believe PRB is going to be the short term winner.
Just another reason to hold fast with PRB.

all opinions or corrections are always welcome.

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