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

Bullboard Posts

Comment by metalslugon Nov 03, 2011 7:55am

318 Views

Post# 19204736

RE: im no expert

I can see this being bought out at $150/Oz minimum. When majors see a quality deposit, they pay up. Metallurgy is the missing link, the size, infrastructure and location is already there.

If they prove up 8 MOz over the coming 6-9 months (shouldn't be too difficult if there's gold at the fold/nose) and we'll still have around 65 million shares and unless gold/gold shares goes down the drain completely, I would not be surprised to see a share price north of $10.

Right now, Jennings thinks Black Creek and the AEM royalty alone is worth around $1.90/share..

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