Explor Resources Inc. (fka EXSFF)

[douginil]

Slimmoney Thank you very much for posting this link. I had a lot of problems viewing it, it kept hanging up, but be patient.

Per the 12/29/2014 NR ( http://explorresources.com/_resources/news/nr_2014_12_29.pdf ).

Teck will spend CAD 8 million by May 2019 for 55% of the TWP property. If they like what they see they can spend an additional 4 million by May 2022 for an additional 15%. That will give them 70% of the TPW property. I assume the timeline can be shortened by Teck if they really like what they see. No mention of how much will go into EXS's checkbook versus expenditures on the property.

CD expects that April & May will be spent by Teck doing additional analysis, modeling and developing a drilling plan. CD mentioned that he expects drilling by June/July.

CD stated that they have 200,000 grams of Gold in 2 Kms of open pittable ore at 1.8 g/t (the NR quotes 290,000 oz with some at 1.55 g/t, and some other at 2.09 g/t). My question to others on this board is that 1.8 seems like a high grade for a pit operation? I vaguely remember reading about other operating pits at less than 1.0 g/t am I correct?

EXS will retain 30% of TPW and all of the other properties that EXS has in its portfolio.

This might actually have value, other than wallpaper, over the next few years.