Re: Probe Metals Intersects 20.5 g/t Gold over 9 Metres in Expansion Drilling at Val-d'Or Eas
posted on
Apr 15, 2018 09:27AM
Bob,
It all looks good !
current assets :
Activities
i looked at market caps.....some companies like Torq have no drill results sitting around 45 million ? Others are going the way of Alexandria hoping for miracles and issuing shares. Example Terrax mining will get to 200 million outstanding shares and no viable /sellable resource ! Yet they will have a market cap of 70 to 80 million.
Be patient ! Dr. Palmer analyzes ! And he has 30 days from notification of results to get news to market !! Hence the term : Material Change Report.Large investors with NDA's most likely get some direction but no information. Dave knows 30 days before we do ! Very tight no information leaks ....the best way to go.
I suspect Dave will be successful in 2 or 3 of the 3 area's.
If Cadillac break east and south is positive .....spend and resource estimate will give Probe 70% of the ownership of that rather large piece of property that already is home to Sleepy ( 300,000 ounces ).
in the end PRB can raise capital if needed ! Resource close to 2.5 million in Val dor will get them to almost 3 bucks. So.....this time next year will be a massive flow through offering maybe 20 million FT shares at 4.00 and 10 million warrants at a strike price much higher.
Or Val dor will be sold for around 450 million maybe 550 depends on the price of gold ......PRB will become PRB minerals and Dave P will find another struggling miner to buy !
Either way PRB has been thorough enough to turn over a mine that is ready to go !
Their is time enjoy your time Take the time.
You bring the shovel I will bring the lime !
CT