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Bullboard - Stock Discussion Forum 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 Discussion

Explor Resources Inc New > Show me the drill intercepts
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Post by BrahmaViddo on Apr 14, 2016 11:58pm

Show me the drill intercepts

That will build a mine. Are all the pumpers on this board saying Teck will build a mine based on an "idea" that the exs ceo is touting.......where are the technical reports to back up your claims. Is this another Rubicon....
Comment by heystupid on Apr 15, 2016 12:53am
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Comment by Buzzardsbreath on Apr 15, 2016 10:37am
Apologies in advance-but.... Having heard the banter between you and others here and surmized that your investment temperment might be best suited for a more conservative investment. I've attached a link that may serve.... https://guides.wsj.com/personal-finance/investing/how-to-invest-in-a-certificate-of-deposit-cd/ (pardon the pun)..... All the best...B.B.
Comment by PhillyJack on Apr 15, 2016 11:34am
Buzzard, H.S. . . . I think Brahma's question is a fair one. To our knowledge, the HMC model at TPW hasn't been fully verified. CD obviously thinks the big HG gold is down there. Teck has bought into that idea, at least for now. We believe they are at present back on the property, a good sign. Initial Teck drill results haven't been released, but indications are that they are probably ...more  
Comment by Buzzardsbreath on Apr 15, 2016 12:57pm
My last comments re:Brahma were not specific to his last comment but overall theme. As for those details you present...I could write a tome on all the mining stories I've heard over the last 42 years many of which were spectacular. It's not about the fact but about the perception. Market psychology is the be-all-and-end-all. Does the market make mistakes-you bet and IMHO this is one of ...more  
Comment by heystupid on Apr 15, 2016 1:11pm
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Comment by PhillyJack on Apr 15, 2016 1:41pm
Excellent posts from both HS and BB. They have done a good job reiterating why we see EXS as such a good buy at these prices. Also, that Brahma and other bears serve a useful function on this board in forcing us to double-check our bullish assumptions. At 15 cents EXS does seem oddly mispriced. Brahma, would you consider EXS to be a buy, sell, or hold at 15 cents?
Comment by Buzzardsbreath on Apr 15, 2016 1:53pm
And for a little humor to add to this..... As the mining approximations used 30m/oz was refererd to with a market value of $10.00/oz in the ground valuations thus yielding 300 million on CD stated price....What if: The price of gold jumps to $3000/troy oz ? Hmmm......$20.00 per oz in the ground or $6.00/share...... Or The increase the "proven/probable" tonnage by say, 50% which ...more  
Comment by PhillyJack on Apr 15, 2016 2:31pm
BB, CD is talking about $300 million for just EXS's 30%. He is valuing the entire TPW property at $1 billion, or roughly the same as LSG (which has the big advantage of having an existing producing mine). So at 30 million ounces that would work out to $33.33 per ounce. 30 million ounces would be way at the top of the current estimates for what TPW might contain. Figure the cost to build a mine ...more  
Comment by heystupid on Apr 15, 2016 1:07pm
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