Probe Gold Inc. (PROBF)

[investor15]

Thrive, Survive or Die: Barry Allan on Stress-Testing Junior Gold Miners

Source: Brian Sylvester of The Gold Report
(9/4/13)

Barry Allan Analysts at Mackie Research Capital crunched the data to stress test which junior miners would thrive, survive or die at $1,000/oz gold and $18/oz silver. In this interview with The Gold Report, Barry Allan, director and vice chairman of Mackie's mining group, delves into details on some of those companies and offers hope that the sector, instead of going to hell in a handbasket, is actually rebounding.

Section of article;

TGR: What other companies are you following?

BA: We've been involved with Probe Mines Limited (PRB:TSX.V) for some time. What started off as something that looked like a better-quality 1 grams/tonne (1 g/t) bulk mining, open-pit deposit has morphed into what is likely to become a high-grade underground mine that will grade somewhere between 6 and 15 g/t. As subsequent drill results have confirmed, there is a very high-quality component to the resource—better than 10 g/t—that allows Probe the flexibility of investigating a smaller-scale, higher-grade development scenario. It would have a smaller footprint and a more affordable up-front capital cost. And interestingly, mineralization remains open. It has been one of the better gold discoveries in years.

http://www.theaureport.com/pub/na/thrive-survive-or-die-stress-testing-junior-gold-miners-barry-allan