Explor Resources Inc New EXSFF

Something to Think About

[rollon]

Several years ago I bought a major position in Donner Metals. The x geology team from Falconbridge retired and as an add- on benefit were able to structure a deal with Falconbridge to explore the property around the Mattagami mine. That was Donner Metals. Donner 30% and Falconbridge 70%. Very much like Explore and Teck. Very quickly Donner found a significant deposit of Zinc. The Mattagami mine of course was a Zinc mine. Enter Xstrata. Xstrata low balls the offer to Donner. Donner decides to fund 30% of the cost to develop the ore body 5 kilometres away from the existing mine. Dilution and more dilution. Enter Glencore. Long story short, Donner 60days away from actual production run out of funds and Glencore crystallises the agreement and Donner gores broke. Glencore picks up the pieces. I lose my investment. It's all in the records as to what happened in 2014. Check it out. You will all be amazed. All that said, be very careful thinking that there will be a big check to EXS from Teck if there is a major discovery. There are convenants in place and Teck might say no to a cheque and hold EXS responsible to pay their 30% of the development cost. Now what?? Dilution and aggravation. Nothing is ever as simple as is being described on the board. I'm not trying to be negative but history tends to repeat itself. Teck are not in the business of writing big cheques!!