Probe Gold Inc (Pre-Merger) 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 McKenzie Break and Beaufor properties.

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Probe Gold Inc (Pre-Merger)

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Post by Goodluck395on Apr 16, 2024 10:24pm

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Post# 35992951

Yes it’s better to Build a New Mine

This is the opinion of Rio Tinto's head of its copper

mining operations to develop a new mine by a margin of
3 to 1 as opposed to

an acquisition of a mine.

IMO in Probe Gold's case at current gold prices it's

more in the range of 6.5- 7.0 to 1.

This is despite the fact new mines have higher capex .

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