I have always wondered how much of the previous $30 to $36 million Probe has already spent on drilling and operations. With the new $26 million they now have this totals approximately $50 to $60 million.

As this is part of the value of Probe, it strikes me that the value of their find in the ground is only around 86 million share outstanding * share price of $2.40 minus the cash on hand or about $151 million. Consequently share holders must be valueing the in ground gold at $151,000,000 or about $1.75 a share once the cash on hand is spent.

Seems to me that Probe is ripening itself for take over.

:)