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Message: Re: Mike Hocking-Scotia
2
Jun 11, 2014 10:02AM
9
Jun 11, 2014 12:19PM

Todays report from Mike on yesterdays news:

"We have lowered our target price to $0.50 per share. We maintain our
Sector Underperform rating."

"Probe shares were purchased because investors thought that the company might define a
high-grade underground gold deposit. It now appears that Probe has outlined a moderategrade
deposit at an orientation that is awkward for efficient mining. We recommend that
clients sell their position in Probe Mines. If infill or step-out drilling begins to outline a
larger volume of mineralization at a reasonable underground COG (~ 5 g/t COG) then we
would reconsider our stance. We currently consider Probe’s shares an option on a
significantly higher gold price or a bet on improved infill drill results."

Somebody is not happy with Probe..........Rosehill

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