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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

Post by PhillyJackon Jun 16, 2016 1:39pm
158 Views
Post# 24971610

Gold and EXS

Gold and EXSThe bears on this board, most notably Brahma and Jump'em, do bring up a valid point. The price of gold will mean little to EXS until it is proven EXS has an economic deposit. Current official reserves at TPW may not yet make for an economic deposit because of where and how that gold was deposited by nature. At $2,000 or $3,000 gold that could change, but official reserves and the current configuration and spacing of the deposit leaves TPW marginal, even at $1,300 gold. If you are betting on TPW becoming a mine, you must believe in Chris Dupont's theory of the HMC model and more HG gold lying at depth. Teck took a flyer on the project and has now been partnered with Teck for the past 18 months. They have been very secretive about drilling results, and as operator on the project, Teck has imposed what amounts to a strict news blackout at TPW. Make no doubt about it, we have it confirmed in writing, by both EXS and Teck, that Teck is still very much involved at TPW. Goldtooth alluded to a good piece of news that only a few are yet aware of in the EXS community. That piece of news is real, it has been confirmed, and to say it is bullish is an understatement. If you are thinking of selling your shares into the recent warrant-related selling, don't. It would be a huge mistake. And if you are shorting EXS in this market, I'd be more than just a little jumpy. You are playing with losing your shirt, as well as possibly an arm and a leg. At the time EXS is halted for news . . . days, weeks, or no more than a few months from now, your avenue of escape will have closed. And when you try to cover, it won't be my shares you'll be frantically trying to buy. The "when" part of this event happening is not yet clear. But the "what" part is firmly in place and moving forward. Could happen at any time. . . . GLTA
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