Notes from reading Eldorado forums I scoured the internet and here are some of the insights I've compiled from Eldorado shareholders.
Buying Probe Metals is an important strategic investment.
1)We will acquire 4 million ounces plus a lot more. Many drill results were not included in the resource.
2) Most of the gold is found underground and Probe Metals has done no deep drilling leaving so many millions of uncovered ounces at much higher grades than the open pit ounces.
3) Unknown to many is that the richest open pit the Monique deposit has a valuable mining permit. What this means is Eldorado can start immediately to increase its mill output.
4) Probe Metals has only explored 7% of its land in Val’Dor leaving large upside exploration beyond the underground opportunity to its current pits.
5) Eldorado Gold will be the largest gold producer in the worlds premier gold mining district in Quebec.
6) Eldorado can strategically sell its Greek and Turkish assets to focus on its valuable Val’Dor Mining bringing consistency to its production.
7) Probe Metals, could be purchased for $100 per ounce in the ground making the acquisition very affordable and very profitable. Huge exploration upside beyond the 4 million ounces.
Think of how profitable 3 million ounces from Probe Metals could be for EGO.
If gold price $1500 and AISC of $1000 the profit per ounce of $500. Potentially these 3 million ounces could generate EGO profit of $1.5 billion or $2.4 billion if gold price $1,800 / ounce.
Probe Metals will give Eldorado the way to great production significant cash flow and a leading gold company.