OTCPK:EXSFF - Post by User
Comment by
TedOwenson Dec 25, 2014 2:16am
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Post# 23264890
RE:GOLD PRICES TO IMPROVE...EXS WILL GO UP AGAIN
RE:GOLD PRICES TO IMPROVE...EXS WILL GO UP AGAIN
Given that Explor lacks any level of resource base which could be even remotely considered/positioned to be categorized as an appropriate asset class which for potential focus for any major company, clearly denounces any possibility of EXS being in this position of potential viability any time soon.....The flagship Timmins West Project is no where near economic and DuPont's meritless proclamation of elephant categorization is just that, without merit, and his continued utilization of such a characterization is without question inappropriate and meaningless given the results returned to date to support such blasphemy......The Timmins West Project may have a 2 kilometer drill definition trend outlined but the current resource base is intrinsically constrained within a relatively overall minor section of it, approximately 100 to 150 meters, which only equates to approximately 5 to 7 percent of the overall exploratory footprint being factored into the promotional pitch......Bottom line is that the project has viability but is relatively small and marginally economic at today's developmental level and as such, cannot be categorized as an asset class even remotely close to what Dupont touts it as being........