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Explor Resources Inc New EXSFF

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

Bullboard Posts
Comment by PhillyJackon Apr 15, 2016 11:34am
163 Views
Post# 24771241

RE:RE:Show me the drill intercepts

RE:RE:Show me the drill interceptsBuzzard, H.S. . . . I think Brahma's question is a fair one. To our knowledge, the HMC model at TPW hasn't been fully verified. CD obviously thinks the big HG gold is down there. Teck has bought into that idea, at least for now. We believe they are at present back on the property, a good sign. Initial Teck drill results haven't been released, but indications are that they are probably back on the property to arrange for the next round of drilling and to meet with CD and associates. Events at LSG/Tahoe and MEK (especially the 144 Gap discovery) have certainly helped to bolster CD's position on TPW. CD accelerating the drill program at Ogden, to me, gives the added impression that things are going well at TPW (and that CD is looking to capitalize on developing events). CD putting a value of $1 billion on TPW at his PDAC interview underlines his belief that TPW holds a large, HG, multi-million ounce deposit at depth. But the market currently assigning us a value of 15 cents per share or @ 15 million dollars market cap says Mr. Market isn't convinced yet, and is taking a wait-and-see attitude. I think we should welcome intelligent bears to this forum in order to keep us thinking and to challenge our view that this stock is going much higher. So far, the intercepts show us to have about a million ounces, some HG, some LG, some near surface, and some at depth . . . and some of those ounces are not yet in the indicated category, but inferred. Has CD hit the so-called "jewel box" he has been searching for in the first 116 holes at TPW? No. Has Teck? We don't know yet. Where will this stock be by the end of this year? North of $1 in my opinion. But that is only my opinion, and that is based on my educated guess that further drilling will soon prove up the HMC model. The president of Tahoe has talked about their 144 Trend being "the tip of the iceberg." I believe what has been drilled off so far at TPW is also just the tip of the iceberg. What happens at Ogden, meanwhile, is our blue sky/wild card factor. But Ogden is a much longer shot since we only have historical shallow drilling results there. Much work needs to be done at Ogden. The situation at TPW is much more advanced. Let's hope we can answer Brahma's question in full very shortly. But at this current time, we cannot show intercepts that conclusively prove a monster HG gold deposit at TPW. We are working towards it, but still aren't totally there. Where we are is one of the best speculative plays I've seen in my nearly 25 years of investing in gold juniors. Hey, but at least we got Brahma to admit that someone might want to buy out EXS at a 30% premium . . . so that's a start!
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