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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
Comment by Golfcar72on Apr 20, 2012 1:35pm
268 Views
Post# 19817429

Not bashing...

Not bashing...

I'm not bashing....just saying that's why a large transaction may be taking place, since $1 is a trigger for many people/funds/companies. 

 

Personally, I know this is way undervalued, but what can you do?  When all the money from all companies is being dumped into development and infrastructure, liquidity for acuqistions is limited and targeted to companies with higher grade ore than PRB.  PRB doesn't have the money to self-start, financing is scarce (look at the terms LSG just got a week ago), so the value in this company is through acquistion which isn't imminent or even rumored right now.

 

No threat for aquisition = no rise in share price.

 

"Just the facts, ma'am".  I'd love to see this rocket up as much as the next person, but we need a near-term catalyst.  Resource estimates won't do the trick unless they drive an acquisition.  As much as i hate to say this, "space"-nut is right that - on their own - this gold won't come out of the ground for a long time.  Not "1,000 years", but a 5-7 is realistic.

Bullboard Posts