Probe Shareholders,
Since Kinross paid C$ 1.8 billion dollars for Great Bear, Probe could easily have a purchase price anywhere from C$700 million to C$ 900 million. In other words our share price should be a minimum of C$4.66 to C$6 per share.
We are currently trading at a 59% discount from this minimum price of 4.66.
Probe Metals has it all. Great infrastructure, best mining jurisdiction, great drilling upside, even more so when the deep holes are shown. Metallurgy is premium, they have displayed a robust PEA with annual production greater than 200,000 ounces per year on a resource that has not been updated.
300,000 ounces production seems most likely over 15 years.
Probe Metals the slow and unsung gold Junior in the industry has significant upside. Lots of seniors have their eyes on Probe to increase their own resources and their production upside.
Probes outstanding warrants have been exercised as of Friday December 10th, leaving Probe with lots of cash with no need to do further financings.
2022 is the year we can see Probe sold! Time to buy and or to add on. Patience will have delivered a good return.