OTCPK:EXSFF - Post by User
Comment by
PhillyJackon May 25, 2016 7:33pm
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RE:RE:Teck unlikely to continue TPW option
RE:RE:Teck unlikely to continue TPW optionTed, there is truth to what you say about Kidd Creek if all that EXS is really doing is exploratory drilling. Rumours have persisted over the past several months that Glencore has found an new ore body as a result of horizontal underground drilling conducted last summer. If true, and Chris Dupont has knowledge of where that new ore body lies and whether it approaches and/or encroaches upon an EXS claim, then the drilling at Kidd Creek may not be the long-shot gambit it appears to be. Regarding TPW, Teck was supposed to have given EXS the evidence that it had met its first $1.5 million spending commitment by May 1. It is now May 25th. Are you saying that Teck never contacted EXS, and has effectively already walked away from the project and property? Or, did they make the May 1 deadline and spending commitment but are ready to bow out on Phase II? Officially we have no news, and it would be a bit puzzling to learn that Chris Dupont has no knowledge at this late date. No doubt the majors play hardball and couldn't care less about the junior's timetable or the junior company's shareholders. That is a given.