OTCPK:EXSFF - Post by User
Comment by
PhillyJackon Aug 20, 2016 6:52pm
237 Views
Post# 25161530
RE:The focus needs to be
RE:The focus needs to bePokin, I believe you may have a fair point. Kidd Creek remains a long-shot drill play and the real high percentage bucks are to be found in West Timmins. The company has a real property and real project in TPW. Problem is, we are now on Teck's timetable and that can be frustrating to a small junior in a new gold bull market whose primary mission is to hunt for new deposits. With that being said, the real place to focus on now is at Ogden. Understand that CD has been quietly staking and buying up new claims around Ogden, and so I think he is long-term on board with what you are saying. So, since we are already drilling at Kidd Creek, with personnel and equipment in place, let's see what Hole 3 brings. But CD will have to make some hard decisions if Hole 3 is a bust. At some point in the not too distant future either KC will prove up or will need to be written off.
Ogden needs to be worked and devleloped so that TPW and Ogden can be sold to a major as a package deal. And Ogden needs to be developed with a minimum of dilution. Much of this will depend on EXS's ability to reasonably say when enough is enough at Kidd Creek, we've taken our best shot and need to move on. The target at KC is huge, and it is tempting, but it must not be allowed to break the company budget.
Meanwhile, EXS is already down to over 200 meters on Hole 3 at KC and making good progress towards the intended target. Here's to hitting VMS and making this entire discussion academic.