OTCPK:EXSFF - Post by User
Comment by
Deadmediaon Nov 26, 2007 10:25pm
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Post# 13871044
RE: Update
RE: UpdateHello Everyone... This is my first post on Stockhouse. I've been following Explor for several months now and finally took a small position today with the pullback.
It looks like Royal Nickel is planning to do their IPO in Q2 of 200. This is from the Juno Special Situations Corp. Website. They hold approximately 10% of Royal Nickel shares. "Royal Nickel Corporation (private) is a nickel development company which owns 100% of the Dumont nickel deposit in the Val D’Or/Amos mining region of Quebec, which has well established infrastructure. One of the largest undeveloped nickel deposits in the world, the Dumont deposit has over 175 million tonnes grading .47% nickel, or 1.8 billion pounds of contained nickel (Geological Survey of Canada). RNC has assembled an excellent team, is well financed, and has already completed over 18,000 metres of new drilling. An IPO is planned for the second quarter of 2008."
Explor's Lunay property is contiguous to Royal Nickel's property. Hopefully we will see some off Explor's value unlocked after the Royal Nickel IPO. Good Luck to all.