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Explor Resources Inc New EXSFF

Metals & Mining Industrial Metals & Minerals
Explor Resources Inc is a Canadian company which is engaged in the acquisition and exploration of mining properties in Canada. Its projects comprise of Chester Copper Deposit, Bathurst Mining Camp, Timmins Porcupine West, Montrose, Kidd Township, Carnegie and Eastford Lake among others.


OTCPK:EXSFF - Post by User

Explor Resources Inc New
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Comment by theq_fezon Jun 14, 2012 5:56pm
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Post# 20015857

RE: Funding

RE: Funding

From the IHub Board.  These are respones from Gary at IR reqarding financing. 

Drilling money will last at least through December and  that  gets them to JUNE, 2013  (43-101) results and they expect to be over 2 million ounces at that point. 

He said that if they are not able to raise more money,  with over 2 million ounces he assumes a JV would occur, or if the price is right, they would sell.

The above is my understanding of it and therefore, I'm not concerned about that right now as it is over 6 months away  -  and alot can happen in 6 months.

I am now a shareholder. 

 

 

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