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Discuss the various junior resource companies within the McFaulds Lake Area

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Message: Re: Tuesday morning thoughts
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Feb 05, 2008 02:46AM

Al, Probe already has their own camp in the area and has had for over 2 years - they do not need access to Noront's camp.

I asked Dave Palmer about JVing with another company and this was his response, which again shows his respect for Probe's shareholders. He wants to get an idea of value before JVing with anyone, which I think is the best thing to do.

"There are two ways you can go with the property. With the discovery or potential development, a company can look at either selling the asset to a larger company who has a mining section or you can take it through and develop it yourself. Right now, we are too early to look at that, it is up to the shareholders. At this point Probe is known for its good technical reputation, so we like to add value to the property by working it ourselves at the beginning. Then we evaluate it and as the exploration progresses we will evaluate what we will do with it after, whether we will joint venture it or continue working it ourselves."

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