Explor Resources Inc New EXSFF

RE:RE:RE:BAFFLED...

[PhillyJack]

Picked off another 8100 shares this a.m. in the U.S. market under EXSFF. Many junior mining companies are in the same situation as EXS. This sector is under-loved and under-owned, and the greater investing public does not yet see gold as being in a new bull market. When that happens, EXS and other low-priced quality juniors will start to be bid up. I disagree with Brahma's statement that the market is very good at valuing companies. While this may be true for the large cap stocks, trying to value the microcaps such as EXS is extremely difficult. That is why these stocks can go 10x, 20x, and even 50x on little more than a single drill hole or even rumour. And they can come down just as fast. Was the market doing a good job at evaluating EXS years ago when it ran from about 8 cents to $1.71 on early results from Eastford Lake? I don't think so. Often these juniors can be woefully undervalued or overvalued, and very tiny amounts of buying or selling can move the price by enormous percentages. Ultimately EXS should do well based on its spread of assets and the 1 million ounces of AU already drilled at TPW. Someone on this board recently said that TPW wouldn't be economic until gold reached $2,000. Heck, if you don't think gold will reach $2,000 US when the dollar starts to tank, and that junior gold miners haven't yet caught up to the rising price of gold, I'm not sure why you are investing in this sector. Further drilling at TPW should also lower the point at which the project becomes economic. I'm betting this will become a mine, and be snapped up by a bigger company much sooner than most folks realize. GLTA.