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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 JuniorMiner2014on Sep 10, 2024 10:50am
152 Views
Post# 36216604

RE:RE:RE:A week from today

RE:RE:RE:A week from today

The fundamentals certainly support your estimate. My guess is a bit lower in the short term.  Say $2 Canadian on Monday. But $7-$8 within six months. 

Majors are not likely to wait for the updated PFS.  By then it would get too expensive.  Have to believe their will be suitors by year end.  Question is whether or not Dave is willing to sell the entire project or take on a partner to build the mine.  Say $700M for 40% interest and Dave keeps control while hunting for more gold.  Would give the companies a $1.75B market cap and no need to raise money.

That will take a few months in the near term we should see $2+ in a hurry as long as no big holder has weak hands. 

Best, JM

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