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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 mtzorfason Nov 17, 2023 11:14pm
165 Views
Post# 35742302

RE:This stock feels dead

RE:This stock feels deadI spoke to Seema at length. The PEA is supposed to be out in January/February and they think if it shows 330k oz./yr. Then it will be an attractive acquisition target. They blame the risk off environment and lack of acquisition activity and majors having their own issues to deal with as the reason for not buying juniors etc. some of it is valid and some of it is excuses in my opinion. I find the disconnect between the price of gold at 2k and the PRB stock price- and other juniors- to be concerning and confusing. Probe has 5m+ oz in tbe ground and 25+m dollars in the bank so I still view them as a good acquisition target whenever the market does go risk on for the juniors. I don't see any reason to sell this low because fundamentally the company has a good profile, but at 7 years in it does feel like this has taken way too long to get to a point with no end in sight. I would love to hear from anyone knowledgeable about their opinion on the quality of the assets. In terms of what can be done: the board and exec team could buy lots of cheap shares to support the stock price if they believe in the company. And they could market it to institutional investors who are no doubt looking at the beat up junior market and the escalating price of gold and looking to invest in the space. I have zero reason to believe they are doing either of things. 
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