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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

Comment by wm23fouron Aug 09, 2021 11:41am
229 Views
Post# 33671844

RE:Prb shouldn't accept less than $4/shr+ Detour. Heres why....

RE:Prb shouldn't accept less than $4/shr+ Detour. Heres why....Hey Bob.  FYI,  on your inquiry as to when next drill results to be announced.  I checked with IR end of July.  Learned that addl Monique results target date is sometimes in August.  Expected release of PEA is early to Mid-Sept.  Those targets not cast in concrete, but what they are hoping for.  Your rationale for at least C$4 IMO is spot on but who knows how it eventually turns out  For me, best case scenario is that upcoming Monique results are very good and hoping this will drive sp higher.  Then, when PEA comes out hoping it will re-set share pricing higher still.  Then when offer is made, the premium is calcuated from a higher start point.  Have no idea when/if offer comes to pass, but if it does, sure hope its sooner rather than later. A possible competing bid is not out of the equation eithr.  Can only speak for myself, but for me this has been a longer than anticipated journey for PRB#2 and am hoping it is nearing an end. Purchase of shares by ELD was very encouraging. If we get bo and they spin off Detour to PRB #3 I will seriously think about jumping in but first things first.  Have waited 6.5 years for PRB2 to come to fruition.  Now in twilight years, so in my case dont care to wait several more years for a nice payday.  GLTA
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