OTCPK:EXSFF - Post by User
Post by
gold_staron Mar 05, 2010 12:08am
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Post# 16846086
Drill for structure Drift for Grade
Drill for structure Drift for Grade
I read this on DD2005' s blog . The only problem with this theory is that most junior miners go bankrupt drifting and drilling
unless they hit substantial gold over substantial area. Plus there is the added problem of financing these drilling costs at low prices. Plus they have the problem of tarnished reputation due to all these delays. It really did take a long time to release drill results. As I have said before , to command a market cap of 150 million dollars you need NI43101 resources
of atleast 2 million ounces with good grades and recovery. Explor does not have this . There are a lot of companies with multiple projects. Just having multiple projects does not make them safe. In the end all that land is just moose pasture.
I really wish I could drift All over Abitibi belt till I hit gold. The only problem with that is it would probably cost a Zillion dollars .
To the rest of the folks who want to continue to stay on the train , all I can say are these words from Wall Street
"I don't throw darts at a board. I bet on sure things. Read Sun-tzu, TheArt of War. Every battle is won before it is ever fought."
"You're walking around blind without a cane, pal. A fool and his money are lucky enough to get together in the first place."