Mark, was that really BMO´s update AFTER yesterdays NR ???

“Using the spot gold price, Probe’s shares are trading at a 7% discount to our 10% NAV estimate of US$1.45/share, above the junior and emerging producers in BMO Research’s coverage universe, which trade on average at a 22% discount.”

I can´t believe that not all posters here go up the wall when you read such cra* !

How comes that our "SOLE AGENT" for a $25M PP in April 2011 AND our "LEAD UNDERWRITER" for a $15.19M PP in November 2011 (that´s $40M at $1.35 and $2.45 FT respectively !!!) values Probe at a tiny $1.45 per share, when other brokers covering the story come up with valuations between $4.00 and $5.00 BEFORE the latest RE update ?

That´s a joke ! Has management questioned that ?

I will write a mail asking this question !

FANTOMAS