Kaiser Bottom Fish OnlineFree trialNew StuffHow It WorksContact UsTerms of UseHome
Specializing in Canadian Stocks
SearchAdvanced Search
Welcome Guest User   (more...)
Home / Research Tools
Research Tools
 Corporate Profile: Probe Mines Ltd
    Publisher: Kaiser Research Online
    Author: Copyright 2009 John A Kaiser

 

Probe Mines Ltd (PRB-V)

RSSearchWeb SiteTreeForumSEDARQuoteIPV
Probe Mines Ltd, headed by CEO David Palmer, is focused on the 100% owned Borden gold project in the Kapuskasing area of Ontario southwest of Timmins. Borden was a 2010 grassroots discovery for which an open-pittable resource of 4.3 million ounces at 0.5 g/t cutoff was reported in 2012. In late 2012, however, the exploration focus shifted to a new style of Archean lode mineralization at the eastern end of the Borden zone which had a significantly higher grade. The High Grade Zone (HGZ), which is an underground mining target, had been traced for 1,100 m as of the end of 2013 and is the focus of a winter ice drilling campaign during H1 of 2014 to test an additional 1,000 m of potential strike. An initial resource estimate is expected in Q2 of 2014, followed by a PEA in Q3, which would form the basis for an underground drilling campaign as part of a PFS for an underground 2,000-3,000 tpd mine. In the Ring of Fire region of northern Ontario, Probe owns the Black Creek chromite project with a resource of 8 million tonnes grading 40% Chromium (7.4 billion pounds). The possibility that Cliffs might eventually buy Black Creek has diminished since Cliffs suspended development work in 2013 due to the failure of the government to address First nations and infrastructure issues.

Key to Understanding IPV Charts and Spec Value Hunter Tables
An IPV Chart is a graphical presentation of a Spec Value Hunter table that has been constructed according to the Rational Speculation Model developed by John Kaiser. The IPV Chart allows speculators to identify which projects offer poor, fair or good speculative value in both absolute and relative terms. The speculative value depends on the project stage, the project's implied value as calculated by the company's fully diluted capitalization, stock price and net project interest, and the dream target deemed appropriate for the project. A dream target is what a project would be worth in discounted cash flow terms once in production.
Green background indicates the dream target judged appropriate for this play by John Kaiser - otherwise unranked.
Poor Speculative Value - Fair Speculative Value - Good Speculative Value -
Note: narrow arrows indicate IPV is outside the fair value channel but within 25% of the fair value limits
Click on the company name to view the company profile, the project name to view project details.
Click on the project icon if its background is shaded to get the IPV Chart for that company.
Probe Project Valuations
CompanyProjectCountryStageIPV $
MM

$100
UPV
$500

$2000
Target MetalsDeposit Style
Key Company Projects
Probe Mines Ltd (PRB-V)Borden GoldCanadaPEA $481 Gold SilverDisseminated / Vein
Probe Mines Ltd (PRB-V)Borden SouthCanadaTarget Drilling $642 GoldVein / Shear
Borden Belt Projects
Kapuskasing Gold Corp (KAP-V)Borden NorthCanadaGrassroots $2 GoldVein / Shear
Labrador Gold Corp (LAB-V)Borden Lake ExtensionCanadaGrassroots $16 GoldVein / Shear
Reliant Gold Corp (RNG-CSE)Borden Lake SouthCanadaTarget Drilling $3 GoldVein / Shear
Advanced Gold Projects
Northern Gold Mining Inc (NGM-V)GarrisonCanadaPEA $4 GoldVein / Stockwork
Premier Gold Mines Ltd (PG-T)HardrockCanadaPrefeasibility $614 GoldVein
Rubicon Minerals Corp (RMX-T)PhoenixCanadaTarget Drilling $74 GoldVein
Success Stories
Brett Resources Inc (BBR-V)Hammond ReefCanadaPEA $547 GoldShear / Stockwork
Prodigy Gold Inc (PDG-V)MaginoCanadaPrefeasibility $334 GoldVein / Stockwork
Rainy River Resources Ltd (RR-T)Rainy RiverCanadaPermitting & Feasibility $377 Gold SilverBousquet style
Trelawney Mining & Expl Inc (TRR-V)Chester - Cote LakeCanadaInfill & Metallurgy $683 GoldVein

 
 

You can return to the Top of this page


Copyright © 2024 Kaiser Research Online, All Rights Reserved