Probe Mines

Growth through Discovery Canadian Base and Precious Metal Exploration
Re: land Deal
almost 10 years ago
8
in response to warrantlessbob's message

Not sure people are fully understanding how great this PR really is. Here is the current map after the acquisition: http://www.probemines.com/s/Borden_Lake.asp?ReportID=687212&_Type=Borden-Gold.

That is correct, we own the entire play. This is extremely rare. There is no quesiton in my mind that Probe has held up better than most gold explorers because it owned a great deal of land adjacent to its major find in an area that has not been explored. Now we own the entire land package. 6.6% is about how much a normal financing costs us in dilution, so we are not talking about much dilution here, and the $25 million is replaceable as soon as gold continues its move and PRB stock jumps due to gold going up and this deal.

Thanks for solving another piece of this puzzle Dave.

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mike1962
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Probe Mines
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