Fundamentals
Probe’s fundamentals have never been stronger!
- The Black Creek Chromite Resource – a very valuable asset in itself
- $33 million in treasury and are well funded to continue the exploration activities for the foreseeable future
- 5% royalty on Goldex – Agnico Eagle is continuing to evaluate putting the western shaft into production, which would benefit Probe greatly and sooner than when they were producing from the eastern shaft. They are planning on evaluating their options in Q2.
-PRB has approximately 6 million ounces of gold in the global resource estimate for Borden and growing
PRB continues to have 4 drills turning on the property; exploring new targets on the Borden South property as well as continuing on the discovery zone and other priority targets.
Whittle open-pit design demonstrated that Borden Lake is ideally oriented for open-pit design, with an apporximate 45 degree dip which roughly parallels the pit-slope walls. At a vertical depth of about 450 m, the pit contains over 90% of the Global Resource. 1km from a major highway and well-developed infrastructure.
When you take a look at the current share price, we are getting the equivalent of just $6 - $10 per ounce for all of the gold in Borden and zero for our other assets. It is a ridiculously low valuation!
They also have a shareholders rights plan in place in case of an ugly takeover.
I wouldn't worry about the low volume manipulation taking place right now.
GLTA
Coco