Explor Resources Inc New EXSFF

RE:RE:RE:RE:news from 2014 ogden purchase

[PhillyJack]

1. If Teck had found nothing they would have already informed CD and EXS, who then would have been obliged to release the news to the market.  Teck would have already dropped the project, also material news that EXS would have been compelled to release.  Considering the millions of dollars of drilling that EXS has already performed on TPW, and that gold has already been found in almost every hole . . . along with the HMC model that EXS has already confirmed (or nearly confirmed), the chances of number 1 (results are dismal) being the case are extremely low to nonexitstant.

2. Teck has found some interesting results but they are marginal and still not indicative of an economic ore body.  In this case Teck would be going over the old plus new data to figure how to proceed (and perhaps there is a difference of opinion between Teck execs on whether to proceed).  The marginal/on- the- fence and not yet willing to walk away scenario is a definite possibility, especially given the potential size of the target. 

3. The third and last possibility would be akin to the 1964 strike by Texas Gulf at Kidd Creek.  Today it wouldn't be feasible to keep all the employees on site for weeks on end, and cell phones and PCs make that ridiculous anyway in 2016.  Instead, you would temporarily halt work on the TPW drilling and put that site on care and maintenance "pending analysis and results."  Hence, a quiet core shack, LOL. Teck under this scenario would be unobtrusively looking to see what other ground in the district might be available, and who else they might be able to JV with, while waiting for the LSG/Tahoe deal to close.  Then the wheeling/dealing would start..  Also a distinct possibility.

The fact that the TPW drill results from Teck are "late" and that the LSG/Tahoe deal has yet to officially close means numbers 2 and 3 are your likely scenarios.  Either the results are marginal and intriguing or they are spectacular.  Teck/EXS will either announce plans for further drilling (first three holes were so-so), or a deal for TPW may be closer than anyone thinks.  Teck may gamble a bit and try to take down TPW early, figuring further excellent drill cores on TPW or neighboring properties (MEK or LSG/Tahoe) will only serve to drive up the ultimate price.