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.

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Probe Gold Inc > Notes from reading Eldorado forums

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Comment by Schmobyon Aug 02, 2021 6:23pm

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Post# 33640583

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Notes from reading Eldorado forums

Thx Bob, now that's the kind of thoughtful and informative posting I like to see on a BB! Some excellent points made.

Bobwalkerstocks wrote:
Thank you so much for your thoughtful response, WM! you are correct about your of my point and I appreciate your optimism!

Yes qmx was acquired by Eldorado Gold. They paid c$132 million for 700,000 ounces without a PEA. So yes they paid C$188 per ounce. If we demand a similar price our Val’Dor project on its own should sell for 4.1 x C$188=C$770.80 or they should be paying us C$5.93 per share. So we trading at close to a 50% discount. In other words, we still have 100% upside AND THAT DOES NOT INCLUDE:

1) The chromite deposit

2) The Detour land package.

Remember these silent assets owned by Probe have very good upside potential.

CHROMITE DEPOSIT

BHP buying Norants deposit is mostly in marshlands. Probe Metals chromite deposit is strategically well positioned and most importantly it is on solid ground allowing for making a mining camp and making the mining of the deposit more viable. Probes deposit is valuable.

DETOUR WEST land package.

Detour was bought by Kirkland lake and skeptics thought it was a poor buy given Kirklands other assets were all high grade. Kirkland has proven that Detour is its most valuable cash flow cow. Additional drilling is making a mine greater than 30 million ounces and at depth the grades get much better than at surface. Our land package is regarded as potentially very prolific and it is expected to prove out to be a valuable mine. Drilling has stated and early testing is adding this be be a very profitable asset. Notice to the north of Probes asset is Wallbridge and to the East Kirkland Lake. Seeing Kirkland acquiring this asset is probable.