Explor Resources Inc New EXSFF

RE:TYING UP THE TIMMINS CAMP?

[PhillyJack]

GWT, you may have answered your own question as to why Teck is moving at such glacial speed on the TPW property. If Teck's objective is to wait for higher gold prices, and/or a major hit on either Tahoe or Goldcorp property next door -- and then flip TPW to the highest bidder -- then their current actions (or inactions) make perfect sense. Just by waiting and doing as little as possible, Teck may be positioning itself to make a nice paper profit in the coming years. That may not suit the shareholders of EXS, but then Teck isn't worried about the shareholders of EXS. Without a major drill campaign by Teck, and millions of more ounces proven up, the $300 million price tag for 30% of TPW will not be at all realistic. That would likely require a deposit of 10 million ounces or more. With little or no drilling, that's just not happening. With Teck not swinging for the fences, figure $9 million plus 30% of a much, much smaller amount. Shorter term EXS's price will be determined by news from Chester, Kidd Creek, Ogden, and the other gold properties. While TPW is currently giving us value, it is unfortunately not giving us much blue sky absent any seriously drilling by TPW.