3 drill holes, that's it?
From your understanding how much information can one gather from three drill holes?
If the results are positive what would be the next step? Drill further holes? If that's the case than this could go on for years not months
What are the expectations from the news release, confirmation that gold is present.
From the Stockhouse chatter board the underlying impression seems that the drill results will eventually prompt Teck to buy out Explor remaining 30%.
We can all agree that positive results will directly impact Explor share price and would add credentials to the find as the results will be backed up by Teck.
Would I be wrong to say that the drill results will not verified how much potential gold may be on the site? But rather further drilling is warranted?
Simply math based on Chris Dupont claims of up to 30 Million ounces of gold will be proven to be found. And Explor retaining 30% interest
30,000,000 oz x $150 net margin = 4,500,000,000 x .30% = 1,350,000,000
divided by 80 Million shares Explor
= $16.875/ share that is if Explor was in partner with Teck to produce
So even at 10% valuation the share price potential could be $1.68
So inclusion based on the above calculations for every 1 Million oz resource the share price is worth $1.68/30 = 0.055
Assumptions are $150 net margins which is reasonable based on todays Gold price of $1400 and a 10% valuation which maybe on the low end.
Any thoughts?
