OTCPK:EXSFF - Post by User
Comment by
PhillyJackon Mar 13, 2016 6:57pm
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Post# 24653792
RE:our crazy game ..
RE:our crazy game ..Agreed. Many years ago I got into the junior mining space by buying Arizona Star from $1 up to $3. They owned a low-grade 20+ million ounce gold deposit in Chile. Watched the price climb to $17. Had a standing sell order at $21. The price never got there. Tumbled down and down as gold went to $250 and Bre-X tanked the entire junior market. Some said Arizona Star was a fraud, and that the 20 million ounces didn't exist. I knew the gold was there because JV partner Place Dome had twined the AZS holes. When Place Dome backed out because of low gold prices, the AZS share price fell to 50 c ents. I began to accumulate. A few years later, I sold some of my shares for $11, and held the rest until Barrick bought out AZS at $17+. So your observation that the share price is not hinged directly to the company is entirely correct. At the current market capitalization of Explor, the share price in no way reflects the real value and potential of this company. And I don't need to drive past core shacks to realize that, LOL.