OTCPK:EXSFF - Post by User
Post by
gold_staron Feb 21, 2010 9:35pm
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Post# 16805027
EXS
EXS
I have been a junior resources investor for many years now and have been passively monitoring these forums
for many months on EXS. In all the junior mining companies that I have come across this is by far the most strange
in the sense that It seemed to have evrything going for it in terms of location, buzz etc. However the fact that
there hasn't been any timely news flow does not feel right. Think about it all you folks out there . Let us do some
valuations right of the back of the envelope here.
1) Canplats acquisition the most recent one very high grade approx. 100$ / per ounce insitu assets.
2) Underworld resources V.UW 1.5 million ounces of gold NI 43-101 compliant intial resource
estimate 1.5 million ounces with over 90% metallurgical recovery. Shares outstanding. 91.8 million dollars marketcap.
Are you telling me that as an investor I would put money into a company that has to sink in more than 1000 metre
deep holes , with no drill results to show , no NI 43-101 compliant resources and has a market cap of 100 million dollars.
Why is it that explor resources has no detailed drill results for any of it's properties even PG101 ?
At the end of the day all the land acquisitions they are making are just moose pasture if they don't show any result.
Fair value of EXS as of now = 0.17 cents / share .