Probe Gold Inc T.PRB

Tha Dichotomy of Probe Gold

[Goodluck395]

I like averything under the hood of PG

All the chrome, the sound of the engine with all its horsepower. 

With all the interest miners have  in acquiring PG,

are they just "kicking the tyres" ?

or

..... Is there real interest?

The facts are 

PG  valued at US$28 /ounce in terms of  resource and market cap. Gold currently trading at US$2430/ounce. ( most probably US$25/ounce if one takes into account all the drilling from the last resource update)

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

Margin at current gold prices 57%. Must be a historical record.

Repayment of capex at current prices - about 2 years ( guesstimate fro PEA)

NPV at current gold prices is a fraction of the value.

Am I missing a tyre or two?

[biotechguy1]

No, not at all.  It simply going to happen quickly whatever. almost 6 million ounces ... about 2-3 years to start-up and 1 year payback.  Great mining jurisdiction.  Patience ! Should see a quick ride into 2.50-2.80 then 3.50 to 4.00 buyout .... hopefully more but that is all I see write now.  5 % of in-situ value is approx 980 million ... so we will see. GLTA