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 > SUPPORTIVE CASE FOR PROBES MINIMUM C$4 valuation.

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Post by Bobwalkerstockson Jan 19, 2022 12:53pm

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Post# 34333433

SUPPORTIVE CASE FOR PROBES MINIMUM C$4 valuation.

According to the Probe presentation:

1) NPV is c$596m at us$1500
2)Fully diluted # of shares 151m
This valuation is only for Val’Dor itself so that’s why it is a minimum value of C$4.To the acquirer they want the transaction to be accretive.
At USD$1800 gold NPV is C$1051m which is C$7 per share
This is based on 207k ounces of production for 12.5 years (Pg 6-7 of latest pres)
With 300k ounces at 12 years production this project is A BEAST!
EVERYONE should be after Probe!

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