Further to your speculation here are a few tidbits from Probes website.
From page 14 of an undated Corporate Presentation(must be fairly new, in the report they say Phase II drilling recommenced Jan 12, 2011)
the first bullet reads
• Potential to monetize the 43-101 Black Creek chromite asset
In a Corporate Fact Sheet they say,
·
In 2010, Cliffs Natural Resources continued its acquisition strategy by
acquiring Spider Resources for its interest in the Big Daddy chromite
deposit. Probe’s Black Creek discovery is strategically located between
the Big Daddy and Black Thor chromite deposits.
To me this sounds like a company that knows something but just can't say anything yet.
