I have been a shareholder of Probe Mines for nearly two years now. I bought into the company for the reason of the expected stream of revenue from their 5% gold royalty on their original claims sometime after production starts from the Goldex Mine in 2008.

I like gold royalties as they keep you better leveraged to golds's bull market and they are basically risk free as opposed to the headaches gold mining companies have in running their businesses these days. The higher the price of gold goes the more valuable Probe's royalty asset becomes along with the bonus of increasing royalty payments.

Management was clever to keep the adjacent Goldex claims and to negotiate a 5% royalty for shareholders. Now with discoveries taking place next to some of Probe's McFauld's Lake claims we may be in store for more royaties in the future like the one we received from Agnico Eagle to expand their Goldex project.

I have read much talk of who is doing this and who is doing that with Probe's stock and the other company's stocks in the area play. I like to think past all of this and to focus on the future.

A question is, what do you think the larger diversified mining companies interested in Nickel and such are thinking concerning Noront's McFauld's Lake discovery and the companys that hold claims in the immediate area? Believe me, they are watching developments closely.

One Swiss company, Xstrada PLC, has been acquiring in the billions of dollars Canadian nickel assets lately. Bigger than them is China with a 200 billion dollar fund that is mainly looking for places to invest in base metal production and other natural resources as they plan for their future.