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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
Post by PhillyJackon May 11, 2016 3:18pm
350 Views
Post# 24863160

Promotion of Explor Resources

Promotion of Explor ResourcesA regular poster on this board messaged me with the questions, "How come this stock isn't promoted more so we can get the share price up?" and "How get we attract more retail investors to invest?" I believe the answer lies in Explor's history, namely what happened between 2009 & 2010 and 2013 & 2014. Back in 2009-2010 EXS was very heavily promoted. Basically it was the subject of an "Insider Alert" to promote the newsletter The Mining Speculator put out by analyst Greg McCoach. The following was McCoach's teaser headline: The Biggest Gold Story of the Last 50 Years" The story made the rounds on the Internet, and hundreds of quick-buck investors piled in. To be honest, I was one of them. Loved the story, loved the potential. The stock shot up to $1.71 with more shares out than we have out today. Drilling continued with the usual headaches and complications encountered on all exploration plays. Explor was showing 1 million ounces drilled off with the expectation of 3 million ounces in coming resource calculations. Then the bear market hit. Money and financing started to dry up. Then we were also blindsided with the bad news that an earlier resource calculation was performed in error, and that Explor actually had less ounces in reserve then had originally been announced. Investors abandoned EXS in droves, and McCoach badmouthed the company and dropped his newsletter's coverage. At the height of the bear market, with TPW not yet confirmed as a major deposit, and no more investor money forthcoming, EXS was forced to restructure and do a reverse split. Investors lost over 90% of their investment. Some posters to this board called Chris DuPont a con man, incompetent, and someone just out to line his own pocket with investors money. You know that had to hurt. Had it not been for the extreme bear market and the miscue with the resource calculation, I believe TPW would have already been proven as a major gold deposit and would have, by this time, been bought out by a major mining company. Instead, CD took the hit, learned his lesson, moved forward with the restructured EXS, and was able to convince Teck that a golden elephant was likely several hundred meters below surface at TPW. Today, we are waiting for official confirmation that Teck will be staying on at TPW for Phase II. Down the road from TPW, Lake Shore was bought out for a cool billion after the 144 Gap deposit results came out on Tahoe's new "baby elephant" which they are calling "the tip of the iceberg." CD is drilling the adjacent Ogden property which EXS considers to be a "lookalike" property to LSG. And we now await Glencore's possible announcement of a mining extension and expansion at Kidd Creek with EXS having 26 sq. kilometers of claims encircling the deepest base metals mine on the planet. Today, at 22 cents, we have more value than Explor did years ago at $1.71. So why the low price? Chris Dupont, a reserved and meticulous man by nature, got burnt by the early hype that surrounded this company in the bull market days of 2010-2011. This time, CD is going to let the drills do all the talking. And coming out of the worst bear market in junior mining history, CD is currently flying this stock below the radar . . . his way. Few people outside of Timmins and this BB have any clue as to what is going on. I can tell you as a U.S. investor, not one in 50 people here have even heard of Timmins. And that one in 50 only know Timmins as the birthplace of Shania Twain. Timmins is currently off the map and off the radar . . . even for most in the junior mining space. That will change once a major discovery is confirmed. Explor is in the process, along with Teck, of carefully confirming that discovery. Until then, we fly under the radar and with no lights. No retail mining newsletter is hawking our shares, touting EXS as the next great gold discovery. Meanwhile, off camera and out of sight, events are going down at TPW, and Ogden, and tomorrow perhaps at Kidd Creek. In 2009-2010, investors were buying into a $1.71 stock that was probably worth 22 cents. Today we back up the truck for a sleepy 22-cent junior mining stock that is probably worth $1.71 and going higher. Face it, Chris Dupont is no Murray Pezzim. He is a miner and will let the drills tout this stock, not some Vancouver promoter or here today gone tomorrow newsletter publisher. So we continue to remain quiet and low-key as the drills turn and the reports get written out of the public eye. Patience. Be right and sit tight.
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