Post by
Goodwithtoys on Sep 12, 2016 8:50am
Looking Ahead...
What dictates the immediate, and longer term future, of EXS/EXSFF, and, in turn, its equity value? Over the past forty years in the US, some form of economic stimulus has been used prior to the election, to make, in this instance, the incumbent Democrats look good, in turn, getting Hillary, and her party entourage elected. I believe the only way this can be achieved is with a long overdue devaluation of the US dollar. That would stimulate domestic growth with more domestic buying, in turn, generating more new jobs. It would also lead to higher commodity prices, in weaker US dollars. Add the increased world wide interest in physical GOLD & silver by sovereign nations, central banks, and investment funds of all types, as well as the seasonal retail buying in Asia, and India, and I tend to believe Credit Suisse GOLD price forecast for the last quarter of 2016 as quite conservative at $1,425/Oz GOLD. However, we do have massive manipulation in the commodities markets, so please bear that in mind. Baffling to many of us, Im sure, given the current selloff in equities around the world, GOLD decreases in value??? To logical thinkers, it makes no sense other than the price is being manipulated for some higher purpose. A Technical meeting is slated for an exchange of ideas about Tecks proposed fall drilling campaign at the TPW. Their purpose, as indicated in their MD&A documents is to develop this property, and indications are they will spend between $2-$4,000,000 drilling key targets this time around. Apparently, six Teck families have taken permanent residence in Timmins, which speaks loudly to Tecks long term commitment at TPW. Moving to the ongoing drilling north of the Kidd Mine, the latest report Im getting is they have passed the 750meter mark, and are drilling through repetitive layers of graphitic argillite, and ultra mafics. EXS/EXSFF geologists are pleased with the progress at this location, guardedly optimistic as the rest of us we will intersect exhalite, and the elusive VMS deposit. Further, much progress has been made in preparation for an accelerated campaign to bring EXS/EXSFF to the attention of a large number of retail investors throughout Canada, the US, and Europe. The intention is to launch within the next two weeks, once all details have been attended to.
Comment by
killr on Sep 12, 2016 10:52am
so what is it today? 650......900.....1000 or 450 meters.....??.....your numbers are always suspect...
Comment by
Ongvami on Sep 12, 2016 11:56am
It's negative 200 meters. They filled the hole and made a 200 meter high mountain of gold. We're rich!!!
Comment by
Goldstore on Sep 12, 2016 2:27pm
Excellent response PhillyJack. Goodwithtoys thank you for your update.