OTCPK:EXSFF - Post by User
Comment by
Minefinder1on Mar 05, 2010 9:55pm
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Post# 16850630
RE: RE: WHAT IF
RE: RE: WHAT IFAbsolutely stunning
McCoach, who dissed and never figgered out the real thing out here - LSG/WTM - sets you up with his pumping
Management $ELL$ INTO YOUR FACES!! with assays in hand and then indicates they are going to display an unreleased hole at the PDAC (can you say hello Mr. Securities Commissioner) and still the longs jump in to defend them - even Murray Pezim wasn't this blatant - wake up folks before you get hurt again. I am shocked that the exchange has not already called them out and an investigation would not be surprising.
For DD2005 our "technical expert" yes the Dome Mine had a shorter strike length but it also had ore-grade and continuity (a word you appear to not understand) from surface and produced over 7 million ounces (and likely closer to 8) of high grade ore above 700 metres vertical - EXS has 900 metres of "anomalous gold" - read waste rock - and can't find anything above 1700 metres - LSG and WTM haven't even drilled that deep and they have a few million ounces and counting - how stupid is wasting $200,000 or more of shareholder money on one hole when you don't have a clue what you are testing?? EXS can't even string two holes together into a coherent zone showing economic grade over a half metre and they are going to drill a 1,700 metre hole - incompetent at best.
For referecen Hollinger produced 20 million ounces down to < 1,000 metres so sorry but this doesn't even come close to fiting that model - we can all through models around but you need something to justify it.
There are exactly 2 potential economic intercepts here (> 1.5 metres @ > 6 g.t) and neither of those have any support around them - results are consitent with previous work on the property - narrow high-grade with no continuity.
This bunch doesn't even know where the Destor-Porcupine fault is west of the Mattagami River for pete's sake and while they have a fancy 3D model they simply did not produce the good to back up the hype.
Credibility Zero
Been a great stock to trade, and may be again - at least to short, but there is absolutely nothing here to justify the thought of this as a long term investment opportunity my book or "one of the most promising exploration projects in Canada".
In-situ value or promise to support a 60 million dollar market cap - not a chance
Dicey, promotional management, newsletter writers and bloggers - I would say so
As always people do your own due diligence and don't rely on the talking heads, the pumpers and mouthpieces. The truth machince has spoken and the news, no matter how you spin it, is modest at best
Good luck - off to find a real story!