OTCPK:EXSFF - Post by User
Comment by
PhillyJackon Mar 27, 2016 10:34pm
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Post# 24703745
RE:TPW Drill Results?
RE:TPW Drill Results?The big question, NG, is why the drill results from Teck have been delayed, and what that means.
1. Did Teck find little or no gold as BV has suggested, and they are busy grilling Chris Dupont as to the discrepancy in the results?
2. Were the results interesting and/or inconclusive and Teck is going back over previous data and drill results on TPW in order to piece together the geologic puzzle before moving forward with further drilling?
3. Are the results simply being held up at the lab due to a backup or technical difficulties at the lab?
4. Were the results fantastic and Teck is waiting until the Tahoe-LSG deal closes so as not to incite the LSG shareholders to vote no and nix the merger?
5. Is Teck already in talks with CD on buying TPW? CD stated at PDAC that he would value EXS's 30% of TPW at $300 million. Has Teck balked at that number? Does Teck want EXS to add Ogden to the equation? Is EXS trying to start a bidding war between Teck and neighboring Goldcorp?
Lots of ways this can go. Hopefully we will know soon.
I agree with most posters on this board that EXS is a terrific speculation and that its mix of projects along with the currently defined deposit at TPW make the company a bargain at the current market cap. GLTA.