Something to think about during the long weekend
posted on
Aug 30, 2013 05:52PM
On November 2, 2010, Probe announced results from the first phase of Borden drilling:
http://www.probemines.com/s/News_Releases.asp?ReportID=569195&_Type=News-Releases&_Title=Probe-Mines-Announces-Significant-Gold-Discovery-on-its-Borden-Lake-Project...
Once this news became fully priced into the stock (around December 1st, 2010-29 days later), the stock hit $2.19.
http://web.tmxmoney.com/charting.php?qm_page=53038&qm_symbol=PRB
Gold was trading at around $1400 where it stands today:
http://www.ebullionguide.com/price-chart-gold-last-5-years.aspx
We all know what has happened since November, 2010...millions of ounces of gold have been discovered, a very high grade section has been discovered, millions of dollars sit in the kitty and lots of additional lands have been purchased. All in all it has turned out to be one of Canada's if not the World's biggest potential gold mines discoveries in the very attractive mining region of Ontario.
So go figure?
It is only a matter of time before what we have is properly reflected in its stock price...have patience.
To all Probe longs-have a good long weekend.