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 > My simple question to the BOD

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Post by Goodluck395on Jun 08, 2024 11:57pm

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Post# 36079693

My simple question to the BOD

Why is Probe Gold so undervalued relative to its peers?

Recap of Probe's Stats

Mkt Cap US$165.85m

PG valued at US$26.75/ounce in terms of resource and market cap.

1.3g/t with a annual production average of 255 000 ounces of gold over LOM(PEA).

All-In Sustanting costs of Us $1050/ ounce(PEA)

Margin at current gold prices 50% plus.

Repayment of capex at current prices - about 2.4 years ( guesstimate from PEA)

NPV at current gold prices is a fraction of the value.
Two PEAs
Applied for accelerated permitting.

Prime Mining (Mexico)
Mkt Cap US$210m
2.2m oz of AuEq ( silver byproduct) which comprises of
1.47m oz AuEq indicated at 1.68g/t
and 0.73 oz of AuEq inferred at 1.26g/t
"Selling for" $95/oz AuEq
no PEA
no permit application
Probe trading at a massive 72% discount to Prime Mining (US$95/oz compared to US$26.75/oz)

Mayfair Gold (Ontario)

Mkt Cap US$160.62m
3.64m oz of gold at .93g/t
"Selling for" US$45.4/oz
no PEA
no application for permitting.
Probe Gold trading at a 41% discount to Mayfair Gold (US45.4/oz vs US26.75/oz)