Explor Resources Inc New EXSFF

RE: Explor Announces Ogden Property Diamond Drilling Program

[PhillyJack]

Super news. Understand that this is, in all likelihood, more than just a mere drilling program. It is also a sly negotiating tactic. Jumping the Ogden property ahead of Kidd Creek speaks volumes. Teck's deep drilling at TPW must have been very successful, and CD knows this. This is why CD announced at PDAC that he believed our 30% of TPW to be worth $300 million . . . valuing the entire property at $1 billion. And why Teck reps were seen stopping by the EXS booth on more than one occasion. This $300 million salvo was Chris' opening bid to Teck. Obviously, Teck must have rejected CD's initial asking price. So CD will now move a drill to the adjoining Ogden property, 100% owned by EXS, and commence drilling. He knows that any solid results at Ogden will only serve to increase the value of the adjoining TPW property being drilled by Teck. I believe Teck is going to want both TPW and Ogden as a package, so in effect Chris is saying, "Pay us now or pay us later!" Chris is basically pressuring Teck to buy out TPW (and also Ogden) as soon as the Tahoe/LSG deal is done. This is developing into an area play that will go down in mining history, and EXS shareholders will have early front row seats. Just a hunch, but I somehow doubt EXS will ever actually get to drill Ogden. That and TPW may be gone before we know it, and then EXS will be selling for a couple of dollars a share and moving onto Kidd Creek. It's been a long time coming but our day is nearly here. Congrats, EXS.