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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

Post by biotechguy1on Jul 05, 2024 12:49pm
217 Views
Post# 36119949

Share volumes this week

Share volumes this week Interersting to note that the volume is around 1.8 million shares probably mostly non-FT stock.... I am assuming !

So basically another ~700,000 shares to go... and we will be back to low volumes ... strange to me that if you can get shares in bulk at 1.21 why sell ?  Well okay suppose the same folks bought both NFT and FT.  You can't take a tax deduction and sell the FT in the same calendar year to create a loss.  In fact, it becomes gainable ... think about 100% tax deduction then sell at a 1.20 for a gain of 1.20 doesn't put milk on the table .

Price of gold is helping and as for grade not great but not un-mineable.

look at Malartic planned in 2008 start 2011 and gold was 910 and ounce with grades below 1 gm per ton ...so it pays to have equipment that you can move around.   All of the PEA's have to assume raw new costs !  I am suggesting whomever buys PRB already is capable of mining the head grade proposed cost effectively.

PRB unfortunately is going to be a longer hold than anticipated.

GLTA 

Long and strong ! Not out of breath yet. 
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