There are 5 articles on this stock available only to PRO subscribers.
Probe Mines: Focus On A High-Grade Underground Operation Could Result In Solid PEA
- Probe Mines disappointed earlier this year, when the High Grade Zone seemed to be limited instead of extending deeper, in Q2 2014.
- However, there is probably more than enough high-grade material to design a profitable operation.
- A Preliminary Economic Assessment (PEA) of its Borden Gold flagship project is about to be released soon; my own PEA estimations seem to verify viable economics.
- Probe Mines seems to be fair valued already according to my estimates, only if it comes up with a considerably higher NPV5 is an upside potential possible, in my view.
- Probe Mines has released final results for its winter drilling campaign at the Borden project, and not all expectations could be confirmed.
- A takeover by major shareholder Agnico Eagle has become improbable after its Osisko bid.
- The share price has fallen substantially from its all-time high in March this year in response.
- Probe Mines scores a 70/100 in our Tickerscores scoring mechanism. This is substantially above the average Ontario development score of only 54.
- Multiple upcoming catalysts: Preliminary Economic Assessment (PEA) completion, updated NI 43-101, and a steady flow of assay results will keep the news flowing.
- Probe is also a great potential takeover target - this could potentially happen right after the PEA numbers go out.
Probe Mines - A Cashed-Up Explorer Getting Noticed
There are no Transcripts on PROBF.
Tue, Sep. 16, 6:08 PM
- Junior gold explorer Probe Mines (OTCPK:PROBF) appoints former Barrick Gold CEO Jamie Sokalsky as a director and its next non-executive chairman, where he is expected to replace Patrick Reid as chairman after the company’s annual meeting Oct. 29.
- Sokalsky formally stepped down from the top job at Barrick yesterday following a management shakeup there.
- Probe’s assets include the Borden gold project and Black Creek chromite deposit, both in Ontario.
PROBF vs. ETF Alternatives
Other News & PR