cliffs initial purchase of chromite properties in the rof were huge for probe. until that time chromite had an unknown value. now there is a base to calculate the future deposits and we are awaiting the 43-101. when this is released we will have a good idea how much the value our chromite has. this should be reflected in the sp by the market and this should happen next month. by gaining 100% ownership of this deposit we are in a position to easily sell it to cliffs for cash or shares. i feel this will all come to pass before the end on the year. probe seems to be going in the direction of a gold exploration company so selling the chromite would provide much needed cash for future claims to be purchase. basically what i have already written has been said before but is quite reasonable to believe will happen very soon.

the other side of the coin things are much more unpredictable. the facts are that agnico eagle will be paying us an undetermined royalty. the other fact here is with gold at an all time high agnico eagle as a mid tier produce has a crapload of cashflow right now. we await borden lake results which could be good for the sp. the wtm property looks very promising as our property is surrounded by discoveries. i feel this situation is messy however and my take a year or more to resolve. both borden lake and wtm are wildcards but could be gamechangers.

here is my theory and i will let the market put a price on this if it happens. in november the 43-101 will double our chromite deposit and cliffs will come in with a share purchase at a bit of a premium to their other chromite purchases.this is a number with lots of zeros. borden lake results will come out and will be in the good to very good range. in the new year after cliffs deal is done agnico eagle will take out probe for its remaining gold properties and also buy the wtm properties at the same time and we will raise a glass to probe. if any of this happens the sp goes up. think about all of these possibilities and think of the current market cap and sp at 80 cents.