Just guessing here. SPQ received cdn$140 million for a Micron report based on

1000m x 375m @ 40.66 cr203 "Indicated" deposit. Probes Micron report will

be based on 200m x 200m @ 40.66 ? cr203. Obviously, these are all WAG's.

Guesses being the operative word here. So what would a buyer pay Probe?

Lets see: 1000m length for SPQ versus 800m potentially for Probe means

$140 million x .80% = $112 million. Re depth, Probe is .53% of SPQ's 375m.

Thus, $112 million x .53% = $59 million. Per share value is $59 million / 45.0

million FD Probe shares = cdn$1.31.

Inwentash and his associates are going to get the price higher than $1.31

IMHO. He is probably the one that has been influential in encouraging Probe

and Noront to make their companies independent so a buyer can just write

a check for the deposit instead of trying a take over. Cliffs knows they are'nt

going to be able to take over Probe as easily as they did the other companies..

Just to few retail shares. Of course, there is always the possibiliy there is no

interest in Probes property. But I think there is.

JMHO........eom