Interesting find...
posted on
Sep 18, 2012 06:24PM
Check this out from the last two news releases:
About Probe Mines:
Probe Mines Limited is a well financed, Canadian base and precious metal exploration company with approximately $27MM in treasury and a portfolio of highly prospective mineral properties. The Company is actively exploring a significant new gold resource on its Borden Lake project near Chapleau, Ontario and owns 840 claims covering approximately 13,440 hectares in the McFauld's Lake area, including a 100% interest in the Black Creek chromite deposit.
Jul 31, 2012
About Probe Mines:
Probe Mines Limited is a well financed, Canadian base and precious metal exploration company with approximately $31MM in treasury and a portfolio of highly prospective mineral properties. The Company is actively exploring a significant new gold resource on its Borden Lake project near Chapleau, Ontario and owns 875 claims covering approximately 14,000 hectares in the McFauld's Lake area, including a 100% interest in the Black Creek chromite deposit.
So, two obvious questions for me:
1) Where did the $4MM go in only the past two months or so
2) What's with the discrepancy in McFauld's property holdings
I'll reserve them the benefit for now, but looks like a good opportunity for PSU to ask these questions.