Post by
Goodwithtoys on Jan 29, 2018 10:48am
STOCKHOUSE DEAL ROOM...
If GOLD mining was easy, everybody would be doing it. I recently read an extremely informative article by Jim Sinclair Mindset speaking to the problems miners face in our world. Heres a link to a really great read, https://www.jsmineset.com/2018/01/23/mining-supply/. Financing in a strong, or bull market is easy. When GOLD, and other commodity prices are peaking, miners phones are ringing constantly, with offers of debt, or equity financings, one after the other. In our current market, rife with cannabis, cryptocurrencies, blockchain opportunities, and a USD bouncing up & down, GOLD, and copper miners are feeling the pinch. Explor is no exception. With a number of Confidentiality Agreements (CAs) in place for months now, Dupont has been very busy on a number of fronts, providing info, negotiating terms, and dealing with lawyers. To date, no agreements have been finalized, although various levels of progress have been achieved. Ultimately, all of these efforts will put money in the Companys Treasury, to further the Directors ambitions in regards to a number of the Companys properties. Most notably, of course, are the Timmins Porcupine West Open Pit GOLD Deposit (TPW), and the Open Pit Chester Copper Deposit in New Brunswick, both with NI43-101 Resource Reports. Through these various negotiations, the promises of potentially tens of millions of dollars loom large, but could take many more months to complete. Given that backdrop, how else can progress be made to enhance the value of the two main promising assets, each needing $1,000,000CDN to complete delineation drilling? The Crowd Funding opportunity at Stockhouse.com, through their Deal Room, has successfully completed dozens of placements for a broad array of public companies. Explor Resources launched such a placement today, with Stockhouse initially alerting some 35,000 subscribers to the deal. Based on past performance, management expects the placement to complete within a few weeks, ensuring Delineation drilling will be underway at the TPW, and at the Chester Copper Deposit, in time for the Prospectors & Developers Annual Conference (PDAC) in Toronto March 4th to 7th. With an attractive Flow Through Tax Benefit, I can see it happening even more quickly. That development would put Explor head & shoulders above most exhibitors at the show, and pique interest in the equity moving forward. Traditionally, EXS/EXSFF/E1H1 has moved upwards on great volumes of buying during, and after this annual event.