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Probe Land Deal Announced & Closed

http://www.probemines.com/s/News_Releases.asp?ReportID=687246&_Type=News-Releases&_Title=Probe-Mines-Consolidates-100-Ownership-of-the-Borden-Gold-District


I calculate purchase price to be:


$25.0M cash


16.6M (6M shares x $2.76CAD)

$41.6M


And EV/oz of gold (amount of oz unknown):

- 500k oz = $83/oz,

- 750k oz = $55/oz

- 1M oz = $42/oz

Any thoughts on ounces acquired and EV/oz???

Jamie making moves just a couple months into new gig.

GO PROBE! GO!

almost 10 years ago
Gold-Digger13
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