RE:RE:Insider Buying: Probe Metals Inc. (CVE:PRB)
A few encouraging comments from a large shareholders who's opinion I respect:
I think this is the first insider purchase at Probe in over a year, which I take as a positive sign. (The Canadian dollar price of C$1.15 translates to about US$ 0.84.)
Palmer’s comments in the company’s last new release about recent drill results were highly encouraging, to me, as is the other commentary in that release.
The infill and expansion drilling program at Val d’Or is now complete, although a lot of assays are not yet back from the lab, so there should be a further flow of data as that info come in and is interpreted.
Meanwhile, my understanding is that initial exploration drilling in western Quebec is done, with results and company interpretation to be released before year end.
The resource update is underway, and will provide the basis for the Prefeasability Assessment scheduled for next year.
The 2023 drill program will focus heavily on exploration drilling. The recent report that Monique resources now extend 2kilometers, and that they believe the geologic trend itself extends of 10 kilometers, principally to the west of the current resource, is very intriguing, since it could hypothetically intersect the Pascal’s and Courvan trends which run north/south.
Many good things going on, except the gold price. I believe that will change, a view that might gain some converts as Nouriel Roubini’s new book “Megathreats” gets reviewed…and read by some. In the transcript of his Bloomberg interview his views favor real assets that provide inflation protection.While he focuses on gold in the interview, the book will tell us more.