So salled expert comments
posted on
Nov 23, 2013 12:48PM
Ali Khan, Stonecap Securities (11/22/13) "Probe Mines Limited released metallurgical results from its High Grade zone (HGZ) at its flagship Borden gold project. . .the average grades of the composites were 6.47 g/t and 9.52 g/t, respectively. . .these are positive results in our opinion due to the high recoveries from traditional whole ore leaching for the HGZ and further derisk the project. . .we continue to rate the shares as Outperform."
Barry Allan, Mackie Research Capital (11/22/13) "Probe Mines Limited submitted eight individual samples to test the recovery of gold. . .in short, gold recovery in the higher-grade underground component of the resource is very good. . .the implication on economic viability is very good, meaning a very high rate of gold extraction at a low cost should be readily achieved. . .we continue to believe the company has successfully defined a resource that will become a mine, and is onto something new."
Pierre Vaillancourt, Macquarie Capital Markets (11/21/13) "Probe Mines Limited provided a progress update for its metallurgical program on the Borden gold project. . .overall extraction ranged between 93.9% and 97.9%. . .we maintain our Outperform rating. We believe that the upcoming catalysts will continue to add value to the Borden project and to the stock, particularly as the high-grade zone continues to expand."
Andrew Topf, Gold Investing News (11/13/13) "Probe Mines Limited clinched the 2013 Ontario Prospector Award for its Borden gold discovery near Chapleau, Ontario. The property is estimated to contain an Indicated resource of 3.6 Moz gold averaging 1.02 g/t and an Inferred resource of 625 Koz gold with an average grade of 1.08 g/t, a 26% increase from previous estimates. . .to date, the market has rewarded the company with a 23.3% gain, with a 70.7% gain in the last six months alone."
Jay Taylor, Gold, Energy & Tech Stocks(11/8/13) "Probe Mines Limited's Borden gold project in Ontario already has 4.3 Moz gold, but what is most exciting about this story is the discovery of much higher grades as the deposit extends under the lake to its southeast. . .this is a very good exploration project that is likely to become a highly sought-after project once the market turns around. Agnico-Eagle Mines Ltd. already owns 9.9% of the Probe's stock, and if Agnico-Eagle is watching the company, you might do well to do the same. Probe also has a strong cash position with 75.7M shares outstanding."
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