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Fair enough. Why do you think we are down on such positive news. Sort of debunked some of the so called rumours out there? Maybe because they confirmed the pea will be released in Q4?
Where was any commentary around the battery usage? They seem to have neglected that as they have used it in the past.
Long time lurker but felt the need to post. Why do we need to prepare for taxes, was there a news release? A few weeks ago when zen climbed to 2.30 you (and others) on this board were proclaiming that sub 2's were a thing of the past. Until there is a news release, you are most definitely putting the cart before the horse.
BMO - Drilling Continues to Confirm High-Graze Zone at Borden Lake
Probe Mines released a total of 35 intercepts from 27 holes from the company’s Borden Gold project. Infill drilling in the high-grade zone (HGZ) returned two significant intercepts: 44.0m averaging 4.0g/t gold (including 14.3m averaging 11.1g/t gold) and 41.0m averaging 5.1g/t gold (including 11.6m averaging 15.1g/t gold). The HGZ has been extended 950m in strike length with the depths of the mineralized zones between about 280m and 440m vertical depth. Overall, the infill results returned a weighted-average grade of 3.12g/t gold over an average intercept of 17.2m. All intervals approximate true width. The results, excluding the high-grade intercepts, returned a weighted-average grade of 1.51g/t gold over an average intercept of 10.6m, which is broadly comparable to the aggregate intercepts of 1.70g/t over 14.9m. The company continues to advance exploration drilling on the HGZ with a view to providing a resource update, expected later this year. A PEA is planned to follow the resource update and is expected to examine a combined open pit/underground operation focused on a higher-grade, lower-tonnage scenario. Using spot metal prices, Probe’s shares are trading at a 13% discount to our 10% NAV estimate of US$2.16/share, below emerging producers in BMO Research’s coverage universe, which trade, on average, at an 11% discount.
Last price for Mackie I see is $4.60, so quite the drop considering their gold price assumption didn't drop in half. You are right bushmills, analysts are rarely ever correct. Those that do the research and those that do the trading are seperate teams and may have different agendas and valuations.