Tak’in to the Woodshed, never though we would be back at this level again.
$1.16 now, a $78.8M Market Cap??? How much in Cash?
Looked promising early this morning around 8 o’clock, when the Bid was 120 and Ask at 170.
Will be interesting to here what happened with the Warrants that were due 21 Apr 13.
What is your opinion on delaying the PEA to include the High Grade Underground scenario as now seems the case?
My own view is they should have made public the Initial PEA end March, early April, for the Pit Constrained Open Pit only, and then in future come out with a revised PEA for the Open Pit/Underground scenario currently under consideration.
Costs, the Capital Expenditures required to do both would be much higher, though IRR should be higher.
What bugs me about these mining companies nowadays, not just Probe, is it’s always “Go Big or Stay Home” thinking, never the conservative view of starting small, containing costs, get the cash flow going first then expand later.
Cheers, Mark
