Explor Resources Inc New EXSFF

RE:RE:News !!!!!!!

[PhillyJack]

That would be a fairly standard deal on a claim from what I've read. They get $6,000 up front. On a buyout of TPW the 60,000 shares would go up tenfold or more, so $120,000, But the big money is in the 2% NSR. So let's say their property becomes part of the TPW Mine and is responsible for @5,000 ounces per year of production. That would mean they would be paid a royalty equaling 100 ounces of gold every year the property produces. So after 20 years the property could have given back @$125,000 in cash and a royalty equal to 2,000 ounces of gold. Not bad for a claim that may have cost them what, hundreds of dollars originally? And if the property has no gold? They keep the $6,000 and 60,000 shares of EXS. If EXS hits big at Kidd Creek those shares could be worth perhaps a $half million. Probably staked by some prospector who was looking to flip it to a mining company anyway. . . .