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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

Comment by PhillyJackon Jul 11, 2017 1:16am
229 Views
Post# 26454055

RE:RE:UNDERVALUED?...YA THINK?

RE:RE:UNDERVALUED?...YA THINK?Packum, you are correct . . . and even $50 per ounce may be a bit high in the current environment.  But once the bull starts to run that number will be bid up and up.  Being in Timmins, a mining friendly jurisdiction with lots of infrastruction, will help to add value to any ounces discovered in that region.  But a guesstimate of $30-$50 million for the current value of TPW would be fair, and would represent 3x to 5x the current market cap of EXS.  That means all of the other properties are essentially free.  EXS does represent very good value but carries with it the same risks inherent in all junior mining equities.  This is a tough business as any long-term holder of EXS shares knows.

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