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Message: Our Goldex NSR

Our Goldex NSR

posted on Nov 06, 2007 05:52PM

It is amazing to me that with such a valuable asset relating to gold that there is not much talk concerning its value. Agnico's Goldex mine will be up and running in the second quarter of 2008 when they will be producing gold.

 

Sure, nobody seems to know when their mining plans get into our claims but still, with gold trading tonight at $834.50 U.S it's got to be worth in the millions. When the royalty checks start flowing into Probe they also will certainly be in the millions.

 

It seems with all eyes on McFaulds Lake that our sleepy gold asset is being grossly undervalued by the market. There are respected gold analysts that have stated gold will be trading considerably higher in just a few years out. What would those higher prices make our asset worth? What type of income will the mine be producing for us from the Goldex mine in those few years ahead if the claims on our 5% NSR royalty section are being mined at a 100% rate?

 

I have no specific idea even for an approximate guess but there must be some knowledgeable members out their with more mining experience than myself who could make a fair estimate. I'll start, possibly, with a wild guess and say I believe that the asset is well worth $30 million.  There is no question that there is gold on our claims, it's just a matter of when the millions of dollars starts flowing our way.

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