Explor Resources Inc New EXSFF

Where We Are on TPW and Ogden

[PhillyJack]

HS, I think if Teck plays this smart, they will negotiate for something less than the $300 million CD is asking for on TPW, plus get a JV on Ogden. Perhaps they'll want 70/30 again next door for spending 10-12 million. I still think Teck has already balked on CD's publicly stated $300 million price tag for TPW, which is why CD has announced an immediate drill program at Ogden. Basically, CD is looking to advance Ogden and put that property in play unless Teck is willing to pay fair value on TPW. This is probably why CD was talking to Goldcorp at PDAC, and slipped that tidbit into the recent interview with MetalsNews.com. He knows Teck is going to want Ogden as well as TPW, and right now the 100% owned Ogden property is CD's leverage and bargaining chip with Teck. Got to figure at least one of Teck's three deep drill holes came back with some fairly juicy numbers. Perhaps one hit the "jewel box" that CD has referenced in the past. We should know soon after the THO-LSG deal closes next week.