Great Comparison !!!
Looked at Osisko and found some more similarities.
Before the PEA Osisko had 65Mio shares (Probe 64,7Mio).
- June 2007 Osisko did a stock split 2 for 1.
- Nov 2007 Osisko did a $125Mio financing for $6,5 ($13) with BMO participating.
- Feb 2009 Osisko did a $400Mio financing lead by BMO.
Both financings were initially planned much smaller and BMO was heavily involved. Guess who financed Probe $40Mio for $1,35 and $2,45? BMO !!!
Main catalyst for Osisko was the PEA. The same I expect for Probe. One year after the PEA, Osisko was able to finance the project at much lower gold prices then we have today.
Probe has with BMO already a heavy weight investor behind the project. BMO has spent big money in a early stage (high risk/high reward). There are here for more then $2,45.
With the last drill results I expect Borden Lake to get even more comparable to Malartic.. Can't wait to see the PEA -:)
