Post by
PhillyJack on Jun 16, 2016 1:39pm
Gold and EXS
The 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
Comment by
BrahmaViddo on Jun 16, 2016 2:31pm
Correct. The share price of this penny stock JUNIOR EXPLORER and the price of gold are NOT connected. EXS is not a producer nor do they have an economic deposit. It's simply moose pasture unless they can release a stellar PEA.
Comment by
firstimer12 on Jun 16, 2016 2:53pm
Brahma that's not going to happen and I think Teck is just trying to save face by being fooled in the first place. WHAT IS GOING ON HERE? IS THIS SOME SORT OF SCAM??? Can it be that Teck has made a huge mistake in judgement and doesn't know what to do about it??
Comment by
saskwatch63 on Jun 16, 2016 3:03pm
What huge mistake would that be? Expending a measly $2MM and some human resources to determine if TPW was the motherlode? How will its sterling reputation and $6.5B market cap recover?