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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 Schmobyon Jun 29, 2018 3:33pm
138 Views
Post# 28253508

RE:RE:AZX

RE:RE:AZX Goldopp, I am not worried in the least. Contrary to "antsy" I am very excited to see what is on the horizon.

It is highly unlikely DP will need any more cash, certainly not for an aquistion anyway, aquistion or merger will be a straight up share swap or with little or no cash, the higher PRB goes the less shares AZX holders get, I see no hurry at this point for PRB to pull the trigger. AZX is broke, has non core assets worth enough to drill a few fence post holes, pay for the lights and the ongoing litigation. It's not disparaging to point out obvious facts, it's just the way it is. 

PRB has cash, low float, good leadership, strong partners, great land, an actual ongoing financed large drilling program, no toxic legal battle, history of past success etc etc. Basically everything AZX doesn't have. The longer AZX waits the worse the deal will be for them. Companies that run out of money have very little control over their future, I've seem it many many times. 

Again, I am not even remotely worried about PRB, I am more worried where I will be retiring when everything comes to fruition in a few years!
Bullboard Posts