RE:RE:RE:Congratulations Team PalmerIn terms of a buyout Probe is in a great position.
As a shareholder I look at the NPV / share of about $11
at the current gold .
Producers on the other hand look at this metric
very closely.
If I (the producer) where to acquire Probe,
and according to the PEA must fork out $600m
in Capex, how long will it take to get my money back?
At the base case ( $1750 gold) as laid out in the PEA , it
will take 4.4 years. At the current gold price it will be
about 2.2 years.
The producers like this metric because they are more
confident of the outcome.
Now it's down to only 2.2 years
The PEA of course doesn't include Probe's very recent
acquisition of the 1 million ounces of gold and all the
drilling done in the interim.
How sweet is this?