RE:Gold & Copper Good points made here by Goldspinner.
One avenue increasingly available to EXS would be, with copper now at $3.08 lb. and rising, the sale of the Chester property. That would cash up the treasury and allow for accelerated drilling at TPW, Ogden, and East Bay.
TPW does have a resource . . . it is not just a property with a model. The resource is over 1 million ounces indicated and inferred (not including the recent 3,000 meter drill results). The HMC model predicts 20-30 million ounces. Chris Dupont has stated that he doesn't think TPW will still be with EXS once it hits 2 million ounces . . . would be bought out by that milestone.
Just a guess, but in my opinion a Tahoe or Goldcorp is going to want TPW and Ogden as a package.
Did Teck ever do a PEA on TPW? They recommended it but I'm not sure they ever followed through and did one.
When gold moves in a big way it will breach $2,000. The dollar decline will accelerate, and the move in gold will accelerate, taking out the old 2011 high of $1,900. We should see both $2,000 gold and 2 million ounces at TPW, and a buyout of TPW/Ogden. Remember, EXS hasn't really yet drilled on the north limb at TPW.
One of the things holding gold back here would be the cryptocurrencies, which, in my opinion, are now in a bubble. First we had governments going wild with fiat currency creation . . . and now we have private individuals "mining" Bitcoin-type products. It is an accident waiting to happen. Look for gold to really start to gallop when we have a fraud, hacking event, or government crackdown involving cryptocurrencies. Someone will get burned badly, and then we'll see a stampede out of the cryptos. I'm not saying there won't be any cryptos, as it is a viable business model, just that they are in a major bubble and due for a massive correction. WE need a handful of cryptocurrencies, not thousands of them. Just look at the charts . . . they are screaming major top.
Given the improving environment, Timmins becoming a born-again area play, and the micro market cap of EXS vs. its spread of assets, EXS looks to be an excellent place to be for the next 12-18 months. By 2019-2020 people will be looking back and saying, "Coulda, shoulda, woulda. . . ."