RE: Wow DiggerYeah, I hope your right I bought some too.
----------Original Message Posted 3/5/2010 5:26:48 PM----------
I
Leverage1971....
Thanks!
I have done a substantial amount of research on EXS and spent a lot of time analyzing all available data to me, facts and evidence and behaviour patterns. It comes down to my personal experience, knowledge, but mostly my ability to compile and interpret data combined with a lot of research, analysis and plain and simple....common sense.
Having said that, I was looking forward to taking a position in EXS but those plans are now on the back-burner. After studying the assay results, in my opinion....quite bluntly put....just awful!
I was born and raised in Timmins and I am very familiar with the Timmins Camp when it comes to Mining. The results that were released can be replicated in many parts of the Timmins Camp, it is no big deal. What a disappointment...really....They spent two million dollars and achieved nothing other than knowing what is deep in the ground. I could of told them the same without spending the two million dollars! I am really thankful that I did not get caught up in the hype as others did, I kept my emotions in check and I could not justify taking a position. Now, it is very easy...stay away from this one for the time being! The next phase of drilling is calling for 20,000 metres of drilling on the same "A" Block...I believe it is a big mistake....put your tail between your legs and move the drills to another target on the Property. The second phase will tap them out in terms of financial resources...4 million dollars....Good Luck!
Your comment was "hopefully your golden touch drifts over to a rise in LSG". Well I hope it does but LSG is not where I wish to use it once more, it is more than on it's way. I have taken a position late today in V.TRR. Trelawney Mining and Exploration. It is located down the road from the Timmins Mine and Thunder Creek on Highway 144, about an hours ride southwest. I have crossed paths with the CEO, Greg Gibson but I have not had any contact with him in twenty years, at the time he was with Dynatec Mining and I was working as a Sales Representative with one of the local industrial companies. I remember him as a no nonsense, hard working in the trenches kind of guy. Tony Makuch recently joined the board of directors of Trelawney which may explain the latest high-grade hit on the Property. The spectacular hit rivals that of Thunder Creek!
The amazing thing about this latest news and it is fantastic news is that they discovered the gold in an area that does not match any kind of structure found on the Property which leads me to believe that they may have another Hemlo on their hands. Hemlo was built when they found gold in structure that was thought not to contain any gold...history has recorded the unbelievable success of the Hemlo Camp. Again, I have no idea how in the world they ever spotted a drill on that ground but so be it, a treasure has been revealed and further drilling may reveal some similar hits...I am hoping so! When I first took a positon in WTM, I mentioned "The chance that you can go into the wilderness and spot a drill and hit the only most amazing high-grade mineable spot in the area....common sense tells me....slim to none! The chances of there being more like it are very, very high. Sound familiar!
I believe that opportunity is now before the market place begins to take notice. It may go lower but I am prepared for that and I will by some more. I bought more than I usually do on my first purchase due to the fact that the PDAC Conference is taking place this weekend in Toronto and it will continue into the week. The word will begin to spread and the stock may move up. Trelawney will be there...what timing...it could not of been better!
In the future I will be posting on the V.TRR board concerning this play!
Digger144
P.S. I believe it would be worth while to take a look, I will begin to post there soon.