on a conference call with Dave today
posted on
May 06, 2014 09:52PM
What we have to believe is that Probe is going to operating a mine one day, that is the direction since the company discovered Borden and saw the potential in the area. Dave is hell bent for Probe to start up a mine that he is not going to let the smoke get in the way of what he belives is the best new gold find in Canada in years.
His whole focus is building a viable prospect to start a cost efficient mine. He said that he believes that with the grade of the rock at borden that it will set it apart from all other plays in the area and that every new ounce they prove up will bring down the cost of starting and financing a new mine at Borden. He thinks with the exceptional grade of Borden that he can prove up the ounces to build a mine in the 250,000,000 dollar range, maybe a little more.
He did not spend a lot of time on the Scotia deal, but elaborated on the fact that they would drill up to the 2200M area to prove the geology that they know exists to prove them wrong. will drill it from the bank. Will not do barge drilling because of the impact on the area recreational needs, but will work on doing something maybe in the fall to get the infill drilling done as soon as possible. He did seem upset that most companies that cover Probe will call and discuss the NR after it has been released to commit on it and to understand the geology and what Probe is trying to prove up and Daves point of view on the structure before putting out a report on it. The Scotia guy has never called him and discussed the formation and to try to understand the geology and how they are going about proving up the HGZ. Need more infill drilling to find the really sweet spots, most of the best results were after the 3rd wave of infill drlling was done in the HGZ.
There was some questions about somebody taking us out, he elaborated on it a bit but for some reason i always get the impression that Dave truly believes that we will make it to the mining stage, and Probe will be a functioning mine someday. never seems too worried about a takeover.
alot was said almost a one hour call.
too much to write about.
JUST REMEMBER, DAVE WANTS TO START A MINE AND THAT IS WHAT HE IS FOCUSED ON FOR THE FUTURE, NOT SOME IDIOT WRITING BS.