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Message: Plus

Plus

posted on Oct 17, 2007 06:42PM

I think the main reason Probe is under the radar is because they weren't mentioned in the Financial Post articles.  Look at BMK, they get mentioned and blam, they trade like 40million shares a day and blast past their all time high.  But BMK properties are a long way from Noront, and past drill holes have largely been ignorned by the market. Now BMK's share price is almost equal to Probe's, but with four times the market cap. 

Probe is trading just over a million a day.  Market caps being equal, BMK is trading ten times the volume.  Other area plays have too many outstanding shares. Eventually, people are going to figure out that Probe is best area play.

Probe is what, 600m from Noront's discovery?  With only 25million shares?  If they hit like Noront, well... with only a quarter the shares, to equal Noront's market cap today, Probe's share price would be around $24.  Wow.

CH

 

 

 

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