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$EXS...AMALGAMATION UPDATE...Where are we in the amalgamation process between Explor Resources TSX-V-EXS, NASDAQ-OTC-EXSFF, Frankfurt-E1H1, and Pure Nickel TSX-V-NIC, announced by both companies August 22nd, 2019? A $3million Convertible Debenture has been completed with NIC, and accepted by the TSX Venture Exchange. In large part, $2.5million of that is earmarked for a 35,000meter Definition & Infilling Drilling campaign at Explor’s Flagship property, the Timmins Porcupine West GOLD Deposit (TPW). Further, NIC, upon receipt of the Debenture funds, made a $500,000 Private Placement in EXS (at CDN.05), and that transaction has also been accepted, and approved by the TSX Venture Exchange.
So, now its up to the shareholders of EXS to complete the amalgamation. The ‘Record Date’ for the AGM (Annual General Meeting) has been moved to December 11th, 2019. By Exchange rules, shareholders must be given at least 30 days to review the AGM package of materials. That would suggest we should all have the material in hand near the beginning of November. Of course, most of us expected to receive the package by now. Given the nature of the proposed amalgamation, the Exchange has a plethora of written requirements, well above and beyond a basic AGM package. To be compliant, the package, with all its assorted, additional addendums, will look much like a manuscript for a long movie. And therein lies the long wait. The production of this documentation has been an arduous task, but very close to completion. The final step in the process is the approval of the entire package by the TSX Venture Exchange. Then, and only then, can the document be printed, and mailed out.
The apparent toughest choice we have approving the amalgamation, is the fact our stock positions will be cut in half. However, Pure Nickel (NIC) has been trading in a range roughly twice that of Explor (EXS), so I, personally, don’t see a big drop in my equity position. Further, as the drilling campaign gets underway at the TPW, I’m quite confident the amalgamated equity will strengthen nicely, especially with decent results. And, given the power behind the Debenture funding, I’m guessing that will happen sooner, rather than later.
I’ve seen, touched and scrutinized the TPW core samples referenced by Pure Nickel in its August 22nd release, quote, “drill holes TPW 11-60 -- 7.8 m @ 114.76 Au g/t and TPW 11-65 -- 3.3 m @ 28.46 Au g/t” (confirmed and quoted in an NI 43-101 report on the GOLD Deposit). The delineated strike length of the TPW to date is 2,000meters (1.25miles!), ‘open’ at both ends, and ‘open’ at depth, with GOLD values rising the deeper you go. Applying the industry standard ‘Hollinger/McIntyre’ mine modelling system to the Deposit, the TPW GOLD Resource has a CONSERVATIVE potential of 20,000,000 to 30,000,000ounces of GOLD. The model has been continually confirmed, and updated, through the results of Explor’s drilling of 133 Diamond Drill holes, and 65 ‘Wedges’, (and, all historical Diamond Drilling done on the Deposit by others, prior to acquisition by EXS). Notably, the Explor team found GOLD in 95% of all those drill holes and wedges. That’s unprecedented!
$EXSFF...AMALGAMATION UPDATE...Where are we in the amalgamation process between Explor Resources TSX-V-EXS, NASDAQ-OTC-EXSFF, Frankfurt-E1H1, and Pure Nickel TSX-V-NIC, announced by both companies August 22nd, 2019? A $3million Convertible Debenture has been completed with NIC, and accepted by the TSX Venture Exchange. In large part, $2.5million of that is earmarked for a 35,000meter Definition & Infilling Drilling campaign at Explor’s Flagship property, the Timmins Porcupine West GOLD Deposit (TPW). Further, NIC, upon receipt of the Debenture funds, made a $500,000 Private Placement in EXS (at CDN.05), and that transaction has also been accepted, and approved by the TSX Venture Exchange.
So, now its up to the shareholders of EXS to complete the amalgamation. The ‘Record Date’ for the AGM (Annual General Meeting) has been moved to December 11th, 2019. By Exchange rules, shareholders must be given at least 30 days to review the AGM package of materials. That would suggest we should all have the material in hand near the beginning of November. Of course, most of us expected to receive the package by now. Given the nature of the proposed amalgamation, the Exchange has a plethora of written requirements, well above and beyond a basic AGM package. To be compliant, the package, with all its assorted, additional addendums, will look much like a manuscript for a long movie. And therein lies the long wait. The production of this documentation has been an arduous task, but very close to completion. The final step in the process is the approval of the entire package by the TSX Venture Exchange. Then, and only then, can the document be printed, and mailed out.
The apparent toughest choice we have approving the amalgamation, is the fact our stock positions will be cut in half. However, Pure Nickel (NIC) has been trading in a range roughly twice that of Explor (EXS), so I, personally, don’t see a big drop in my equity position. Further, as the drilling campaign gets underway at the TPW, I’m quite confident the amalgamated equity will strengthen nicely, especially with decent results. And, given the power behind the Debenture funding, I’m guessing that will happen sooner, rather than later.
I’ve seen, touched and scrutinized the TPW core samples referenced by Pure Nickel in its August 22nd release, quote, “drill holes TPW 11-60 -- 7.8 m @ 114.76 Au g/t and TPW 11-65 -- 3.3 m @ 28.46 Au g/t” (confirmed and quoted in an NI 43-101 report on the GOLD Deposit). The delineated strike length of the TPW to date is 2,000meters (1.25miles!), ‘open’ at both ends, and ‘open’ at depth, with GOLD values rising the deeper you go. Applying the industry standard ‘Hollinger/McIntyre’ mine modelling system to the Deposit, the TPW GOLD Resource has a CONSERVATIVE potential of 20,000,000 to 30,000,000ounces of GOLD. The model has been continually confirmed, and updated, through the results of Explor’s drilling of 133 Diamond Drill holes, and 65 ‘Wedges’, (and, all historical Diamond Drilling done on the Deposit by others, prior to acquisition by EXS). Notably, the Explor team found GOLD in 95% of all those drill holes and wedges. That’s unprecedented!
$EXSFF..AMALGAMATION WITH PURE NICKEL...As a long-term investor in Explor Resources Inc., I’m really excited about the proposed amalgamation of the Company with Pure Nickel Inc., TSX.V-NIC, announced by both miners August 22nd, 2019. http://explorresources.com/assets/docs/news/2019-08-22_NR_EXS_ENG.pdf. http://www.purenickel.com/s/NewsReleases.asp?ReportID=856189.
Pure Nickel’s May 13th, 2019 acquisition of the Neal GOLD Project in Idaho, (http://www.purenickel.com/s/NewsReleases.asp?ReportID=850332) gave them not only a great GOLD property, but also an important new investor. Pure Nickel immediately engaged an economic geologist to develop an NI 43-101 technical report for the property. That report was filed just two weeks after the acquisition, indicating to me these guys are very well connected, aggressive, and very committed. In my experience, generally speaking, an NI 43-101 takes months to develop. The history and quality of the Neal property makes it clear Pure is very interested in GOLD properties of merit.
Having read their August 22nd NR, it’s pretty obvious Pure is really excited about Explor’s Timmins Porcupine West GOLD property. The News Release goes into extensive detail about the TPW; immediate 35,000meter drilling plans to further delineate the Open Pit potential, and to confirm some of the deeper drilling results developed by Explor over the years. They also intend to do what it takes to get a PEA (Preliminary Economic Assessment) done as soon as possible. A PEA is an independent study, which will include an economic analysis of the potential viability of the TPW, confirming Explor’s plan to start with an inexpensive Open Pit operation, and then eventually moving underground. The PEA will also describe the net value of the project at various GOLD prices; the internal rate of return and the projected payback period of the required financing.
The single most important reason to be excited about the amalgamation is the source for the NIC $3million Convertible Debenture earmarked for the proposed TPW drilling. When converted, and added to the 10,221,732share consideration received for the Neal property, this exceptional financier would have 70million really good reasons to see the amalgamated equity grow in value. Given his organization’s track record spanning decades, I can only imagine what impact their influence might have?
Explor’s President & CEO Chris Dupont negotiated this deal over a long period of time, going back & forth until this mutually beneficial amalgamation was reached. Now, he is finalizing the AGM (Annual General Meeting) documents which will be in shareholders’ hands shortly. On receipt, please read the documents carefully, then go online and vote your choices. Personally, I think this amalgamation is the best option we shareholders have. I have been inundated with calls from many of my investor friends on the heels of the August 22nd NR, and shared my thoughts on why this is a good deal for us. Once the votes are counted, & the transaction clears all the regulatory authorities, I think we will hold stock in one of the most promising & potentially profitable entities in the mining exploration sector.
$EXS...METALS NEWS...About once a year, Chris Dupont provides a Corporate Update to Dr. Allen Alper, PhD Geology/Petrology who owns and operates Metals News. This year’s interview is available at www.metalsnews.com. The two gentlemen have known each other for many years, so Chris tends to be quite forthcoming with Dr. Alper. The interview, in my opinion, is quite good, hopeful, and promising. As a shareholder, I felt more optimistic about my investment in the Company moving forward after reading it.
$EXSFF...METALS NEWS...About once a year, Chris Dupont provides a Corporate Update to Dr. Allen Alper, PhD Geology/Petrology who owns and operates Metals News. This year’s interview is available at www.metalsnews.com. The two gentlemen have known each other for many years, so Chris tends to be quite forthcoming with Dr. Alper. The interview, in my opinion, is quite good, hopeful, and promising. As a shareholder, I felt more optimistic about my investment in the Company moving forward after reading it.
$EXS...METALS NEWS...About once a year, Chris Dupont provides a Corporate Update to Dr. Allen Alper, PhD Geology/Petrology who owns and operates Metals News. This year’s interview is available at www.metalsnews.com. The two gentlemen have known each other for many years, so Chris tends to be quite forthcoming with Dr. Alper. The interview, in my opinion, is quite good, hopeful, and promising. As a shareholder, I felt more optimistic about my investment in the Company moving forward after reading it.
$EXS...LIQUIDITY...GOING BIG...
In the Mining Exploration Market, regardless of the value of the asset(s), or the strengths of the management team of any mining company, nothing means more to any type of investor than LIQUIDITY. With literally thousands of ‘explorers’ seeking investment dollars to make their respective dreams come true, singling yourself out in the investment community is a huge challenge. And, obviously, to invest in the first place, we investors need to be convinced we are going to make money over our specific timeframe. To inspire those investors, the Company must find ways to generate ‘demand’ for the company’s stock that dramatically exceeds the ‘supply’, or stock offered for sale. As with any ‘Supply & Demand’ scenario, the higher the ‘Demand’, ideally, the higher the stock trading price.
Over the years, Explor Resources Inc. EXSFF-OTC; EXS-TSX.V; E1H1-Frankfurt has employed a variety of media facilities and services to generate interest in the Company, and ‘Demand’ for the stock. They have advertised in industry specific newsletters, newspapers, magazines & websites. They have employed newsletter writers with established distribution to feature the Company’s assets. They have participated in various Trade Shows and hosted investor events around the world. Other services have been employed to upgrade & maintain the Company’s website and develop their presence on popular social media.
All media providers & advertisers promote themselves, as they did with Explor, on the basis of how many people will actually be exposed to the Company through their service(s), or in their language…their ‘Reach’. Even though the ‘Reach’ associated with the various services employed by Explor over the years has been relatively limited, generally less than 100,000 people, each had some measurable impact on the stock, especially in conjunction with significant drilling results, or an important acquisition.
Recently, I’ve heard the Company has been researching a variety of media distribution services to ‘Reach’ as many new prospective investors as the budget will bear. Its rumored they are having discussions with a major US based firm to produce a highly informative video speaking to GOLD moving forward, and Explor over the next five years, obviously focused on the Company’s flagship Timmins Porcupine West GOLD Resource (TPW). This firm’s combined online and television distribution; national syndication; social media presence, and other optional media distribution represents a ‘Reach’ IN EXCESS OF 100,000,000 people throughout North America! That’s a thousand times more ‘Reach’ than anything the Company has employed in the past. I’m hearing that their video distribution includes the likes of CNN, Bloomberg, CNBC, and Reuters, to name just a few. Given the recent resurgence in interest in GOLD, I’m optimistic this move will have a dramatic bearing on the company’s future.
The development of the Company’s Timmins Porcupine West (TPW) GOLD Resource is the single most important event in Explor’s history. Initially extracting 250,000ounces of GOLD at the surface of the heavily explored Central Pit region of the Deposit, and then, excavating downward to an estimated 1,000,000ounces underground, Explor’s future equity value looks very promising.
The timing of this advertising campaign is very interesting. I know Dupont (the company’s President & CEO) has been working with a number of financiers over the past number of months. Perhaps this aggressive promotional campaign is being considered in conjunction with a funding agreement on the TPW GOLD Deposit?
$EXSFF...LIQUIDITY...GOING BIG...
In the Mining Exploration Market, regardless of the value of the asset(s), or the strengths of the management team of any mining company, nothing means more to any type of investor than LIQUIDITY. With literally thousands of ‘explorers’ seeking investment dollars to make their respective dreams come true, singling yourself out in the investment community is a huge challenge. And, obviously, to invest in the first place, we investors need to be convinced we are going to make money over our specific timeframe. To inspire those investors, the Company must find ways to generate ‘demand’ for the company’s stock that dramatically exceeds the ‘supply’, or stock offered for sale. As with any ‘Supply & Demand’ scenario, the higher the ‘Demand’, ideally, the higher the stock trading price.
Over the years, Explor Resources Inc. EXSFF-OTC; EXS-TSX.V; E1H1-Frankfurt has employed a variety of media facilities and services to generate interest in the Company, and ‘Demand’ for the stock. They have advertised in industry specific newsletters, newspapers, magazines & websites. They have employed newsletter writers with established distribution to feature the Company’s assets. They have participated in various Trade Shows and hosted investor events around the world. Other services have been employed to upgrade & maintain the Company’s website and develop their presence on popular social media.
All media providers & advertisers promote themselves, as they did with Explor, on the basis of how many people will actually be exposed to the Company through their service(s), or in their language…their ‘Reach’. Even though the ‘Reach’ associated with the various services employed by Explor over the years has been relatively limited, generally less than 100,000 people, each had some measurable impact on the stock, especially in conjunction with significant drilling results, or an important acquisition.
Recently, I’ve heard the Company has been researching a variety of media distribution services to ‘Reach’ as many new prospective investors as the budget will bear. Its rumored they are having discussions with a major US based firm to produce a highly informative video speaking to GOLD moving forward, and Explor over the next five years, obviously focused on the Company’s flagship Timmins Porcupine West GOLD Resource (TPW). This firm’s combined online and television distribution; national syndication; social media presence, and other optional media distribution represents a ‘Reach’ IN EXCESS OF 100,000,000 people throughout North America! That’s a thousand times more ‘Reach’ than anything the Company has employed in the past. I’m hearing that their video distribution includes the likes of CNN, Bloomberg, CNBC, and Reuters, to name just a few. Given the recent resurgence in interest in GOLD, I’m optimistic this move will have a dramatic bearing on the company’s future.
The development of the Company’s Timmins Porcupine West (TPW) GOLD Resource is the single most important event in Explor’s history. Initially extracting 250,000ounces of GOLD at the surface of the heavily explored Central Pit region of the Deposit, and then, excavating downward to an estimated 1,000,000ounces underground, Explor’s future equity value looks very promising.
The timing of this advertising campaign is very interesting. I know Dupont (the company’s President & CEO) has been working with a number of financiers over the past number of months. Perhaps this aggressive promotional campaign is being considered in conjunction with a funding agreement on the TPW GOLD Deposit?
$EXS...LIQUIDITY...GOING BIG...
In the Mining Exploration Market, regardless of the value of the asset(s), or the strengths of the management team of any mining company, nothing means more to any type of investor than LIQUIDITY. With literally thousands of ‘explorers’ seeking investment dollars to make their respective dreams come true, singling yourself out in the investment community is a huge challenge. And, obviously, to invest in the first place, we investors need to be convinced we are going to make money over our specific timeframe. To inspire those investors, the Company must find ways to generate ‘demand’ for the company’s stock that dramatically exceeds the ‘supply’, or stock offered for sale. As with any ‘Supply & Demand’ scenario, the higher the ‘Demand’, ideally, the higher the stock trading price.
Over the years, Explor Resources Inc. EXSFF-OTC; EXS-TSX.V; E1H1-Frankfurt has employed a variety of media facilities and services to generate interest in the Company, and ‘Demand’ for the stock. They have advertised in industry specific newsletters, newspapers, magazines & websites. They have employed newsletter writers with established distribution to feature the Company’s assets. They have participated in various Trade Shows and hosted investor events around the world. Other services have been employed to upgrade & maintain the Company’s website and develop their presence on popular social media.
All media providers & advertisers promote themselves, as they did with Explor, on the basis of how many people will actually be exposed to the Company through their service(s), or in their language…their ‘Reach’. Even though the ‘Reach’ associated with the various services employed by Explor over the years has been relatively limited, generally less than 100,000 people, each had some measurable impact on the stock, especially in conjunction with significant drilling results, or an important acquisition.
Recently, I’ve heard the Company has been researching a variety of media distribution services to ‘Reach’ as many new prospective investors as the budget will bear. Its rumored they are having discussions with a major US based firm to produce a highly informative video speaking to GOLD moving forward, and Explor over the next five years, obviously focused on the Company’s flagship Timmins Porcupine West GOLD Resource (TPW). This firm’s combined online and television distribution; national syndication; social media presence, and other optional media distribution represents a ‘Reach’ IN EXCESS OF 100,000,000 people throughout North America! That’s a thousand times more ‘Reach’ than anything the Company has employed in the past. I’m hearing that their video distribution includes the likes of CNN, Bloomberg, CNBC, and Reuters, to name just a few. Given the recent resurgence in interest in GOLD, I’m optimistic this move will have a dramatic bearing on the company’s future.
The development of the Company’s Timmins Porcupine West (TPW) GOLD Resource is the single most important event in Explor’s history. Initially extracting 250,000ounces of GOLD at the surface of the heavily explored Central Pit region of the Deposit, and then, excavating downward to an estimated 1,000,000ounces underground, Explor’s future equity value looks very promising.
The timing of this advertising campaign is very interesting. I know Dupont (the company’s President & CEO) has been working with a number of financiers over the past number of months. Perhaps this aggressive promotional campaign is being considered in conjunction with a funding agreement on the TPW GOLD Deposit?
$EXS...NOT LONG NOW...No news is GOOD news!! Since June, 2014 when a dear & trusted associate told me about Explor Resources Inc. (TSX.V-EXS; OTCPinks-EXSFF; Frankfurt-E1H1) I have been accumulating a position in the stock. Obviously, as many of you, I watch trading in the equity markets very carefully. The sustained lackluster interest in GOLD has resulted in a long downward trend in the entire Junior Exploration Sector. Explor is no exception to this trend, and has methodically moved to the downside as well. However, recent trading in ‘EXS’ on the TSX.V Exchange has been very, very interesting. Take a quick look at www.stockwatch.com 3Month Closes: https://www.stockwatch.com/Quote/Detail.aspx?snapshot=SX&symbol=EXS®ion=C. Over the past three weeks, we have experienced two substantial buying frenzies in the stock. The latest was Thursday, Friday, Monday, the 28Feb, 1st & 4th of March. During that stretch, 8,800,000 shares were bought, aggressively, moving the stock as high as CDN$0.04. Before that, during the four trading sessions between February 14th, & February 20th, a total of 7,105,000 shares traded hands. (Monday, February 18th was a Statutory Holiday in Canada). So, somebody bought 16million shares! There is only one reason anybody would buy that much stock, and that’s to make a lot of money. The size of the buying tells me it must be a very senior investor, or group, with a great deal of experience in the Junior Exploration Sector. They appear to be loading up, strategically letting the offers stack up for a period of time, then stepping in and snapping up those offers, minimizing their costs.
Most experts are forecasting GOLD prices as high as US$1,500/oz by year end. I tend to agree with that prediction, as do many of Explor’s largest shareholders I’m in touch with. Apparently, many Central Banks around the world are buying record amounts of GOLD as I write. According to data from the World Gold Council (WGC), Central Bank demand for GOLD increased 74% in 2018. Likewise, holdings in global GOLD-backed ETFs rose 72 tonnes in January to reach 2,513 tonnes (80.8m troy ounces), hitting the highest levels in nearly six years. Bearing all this in mind, this individual, or group, may be convinced the stock will do well moving forward, especially considering the 2010 runup to triple figures when the price of GOLD escalated to US$1,900/oz. Explor’s President Chris Dupont’s dream is to put the Company’s NI 43-101 qualified Timmins Porcupine West Gold Deposit into production. It’s estimated some 200,000 ozs. of GOLD sit at, or near surface, in the Central Pit region of the TPW Deposit alone, grading at 2-3grams/ton. Given the ‘Open Pit’ nature of the deposit, extraction would be highly economic. Even at US$1,200/oz, the gross revenue produced would be US$240million. Given a carefully structured plan, and timeline, the extraction could be done in about 5 years.
It will be interesting to see if the trading trends continue as they have been, and even more interesting should financing efforts on the TPW come to fruition.
$EXSFF...NOT LONG NOW...No news is GOOD news!! Since June, 2014 when a dear & trusted associate told me about Explor Resources Inc. (TSX.V-EXS; OTCPinks-EXSFF; Frankfurt-E1H1) I have been accumulating a position in the stock. Obviously, as many of you, I watch trading in the equity markets very carefully. The sustained lackluster interest in GOLD has resulted in a long downward trend in the entire Junior Exploration Sector. Explor is no exception to this trend, and has methodically moved to the downside as well. However, recent trading in ‘EXS’ on the TSX.V Exchange has been very, very interesting. Take a quick look at www.stockwatch.com 3Month Closes: https://www.stockwatch.com/Quote/Detail.aspx?snapshot=SX&symbol=EXS®ion=C. Over the past three weeks, we have experienced two substantial buying frenzies in the stock. The latest was Thursday, Friday, Monday, the 28Feb, 1st & 4th of March. During that stretch, 8,800,000 shares were bought, aggressively, moving the stock as high as CDN$0.04. Before that, during the four trading sessions between February 14th, & February 20th, a total of 7,105,000 shares traded hands. (Monday, February 18th was a Statutory Holiday in Canada). So, somebody bought 16million shares! There is only one reason anybody would buy that much stock, and that’s to make a lot of money. The size of the buying tells me it must be a very senior investor, or group, with a great deal of experience in the Junior Exploration Sector. They appear to be loading up, strategically letting the offers stack up for a period of time, then stepping in and snapping up those offers, minimizing their costs.
Most experts are forecasting GOLD prices as high as US$1,500/oz by year end. I tend to agree with that prediction, as do many of Explor’s largest shareholders I’m in touch with. Apparently, many Central Banks around the world are buying record amounts of GOLD as I write. According to data from the World Gold Council (WGC), Central Bank demand for GOLD increased 74% in 2018. Likewise, holdings in global GOLD-backed ETFs rose 72 tonnes in January to reach 2,513 tonnes (80.8m troy ounces), hitting the highest levels in nearly six years. Bearing all this in mind, this individual, or group, may be convinced the stock will do well moving forward, especially considering the 2010 runup to triple figures when the price of GOLD escalated to US$1,900/oz. Explor’s President Chris Dupont’s dream is to put the Company’s NI 43-101 qualified Timmins Porcupine West Gold Deposit into production. It’s estimated some 200,000 ozs. of GOLD sit at, or near surface, in the Central Pit region of the TPW Deposit alone, grading at 2-3grams/ton. Given the ‘Open Pit’ nature of the deposit, extraction would be highly economic. Even at US$1,200/oz, the gross revenue produced would be US$240million. Given a carefully structured plan, and timeline, the extraction could be done in about 5 years.
It will be interesting to see if the trading trends continue as they have been, and even more interesting should financing efforts on the TPW come to fruition.
$EXS...NOT LONG NOW...No news is GOOD news!! Since June, 2014 when a dear & trusted associate told me about Explor Resources Inc. (TSX.V-EXS; OTCPinks-EXSFF; Frankfurt-E1H1) I have been accumulating a position in the stock. Obviously, as many of you, I watch trading in the equity markets very carefully. The sustained lackluster interest in GOLD has resulted in a long downward trend in the entire Junior Exploration Sector. Explor is no exception to this trend, and has methodically moved to the downside as well. However, recent trading in ‘EXS’ on the TSX.V Exchange has been very, very interesting. Take a quick look at www.stockwatch.com 3Month Closes: https://www.stockwatch.com/Quote/Detail.aspx?snapshot=SX&symbol=EXS®ion=C. Over the past three weeks, we have experienced two substantial buying frenzies in the stock. The latest was Thursday, Friday, Monday, the 28Feb, 1st & 4th of March. During that stretch, 8,800,000 shares were bought, aggressively, moving the stock as high as CDN$0.04. Before that, during the four trading sessions between February 14th, & February 20th, a total of 7,105,000 shares traded hands. (Monday, February 18th was a Statutory Holiday in Canada). So, somebody bought 16million shares! There is only one reason anybody would buy that much stock, and that’s to make a lot of money. The size of the buying tells me it must be a very senior investor, or group, with a great deal of experience in the Junior Exploration Sector. They appear to be loading up, strategically letting the offers stack up for a period of time, then stepping in and snapping up those offers, minimizing their costs.
Most experts are forecasting GOLD prices as high as US$1,500/oz by year end. I tend to agree with that prediction, as do many of Explor’s largest shareholders I’m in touch with. Apparently, many Central Banks around the world are buying record amounts of GOLD as I write. According to data from the World Gold Council (WGC), Central Bank demand for GOLD increased 74% in 2018. Likewise, holdings in global GOLD-backed ETFs rose 72 tonnes in January to reach 2,513 tonnes (80.8m troy ounces), hitting the highest levels in nearly six years. Bearing all this in mind, this individual, or group, may be convinced the stock will do well moving forward, especially considering the 2010 runup to triple figures when the price of GOLD escalated to US$1,900/oz. Explor’s President Chris Dupont’s dream is to put the Company’s NI 43-101 qualified Timmins Porcupine West Gold Deposit into production. It’s estimated some 200,000 ozs. of GOLD sit at, or near surface, in the Central Pit region of the TPW Deposit alone, grading at 2-3grams/ton. Given the ‘Open Pit’ nature of the deposit, extraction would be highly economic. Even at US$1,200/oz, the gross revenue produced would be US$240million. Given a carefully structured plan, and timeline, the extraction could be done in about 5 years.
It will be interesting to see if the trading trends continue as they have been, and even more interesting should financing efforts on the TPW come to fruition.
$EXSFF...WHY SO LOW??EXPLOR Resources Inc. TSX.V-EXS; OTCQB-EXSFF; Berlin, Frankfurt-E1H1 holds the mineral exploration rights for vast GOLD & Base Metals land packages. Most of those are around, or adjacent to, major, and medium sized GOLD & Base Metals production facilities in Ontario, and Quebec. The Company’s Timmins Porcupine West GOLD Deposit (TPW), for example, is adjacent to Tahoe Resources GOLD mining operations, who are continually pressing closer to the western edge of the TPW with ongoing exploration along the same geologic structure. Likewise, the Carnegie, and Kidd Township property blocks are close to, or adjacent to the Glencore Kidd Creek Mine, where its been rumoured a new Volcanogenic Massive Sulphide Deposit (VMS) has been discovered north of the existing mine, and potentially, partly, or fully beneath Explor’s property. The Company’s East Bay land holdings around IAMGOLD’s mine in Quebec, are, in fact, greater than that producer’s land holdings. Other Company properties are close to, or adjacent to Osisko, Detour, Goldcorp, Kirkland Lake Gold, and McEwen to name a few more. If serious bids were put to the Company’s Directors, the TPW would command a price tag of at least $500million. The Carnegie, if the VMS rumours proved to be true, would easily command $250million, if not more. All the properties in the Explor portfolio are genuine properties of merit, and any of those companies mentioned above would be proud to hold them in their portfolios.
We have been in a very weak commodities cycle for some time now. Certain patient, experienced individuals with very deep pockets recognize the opportunities a weak venture market brings. They know that putting constant downward pressure on an equity like Explor will make lots of stock available for purchase, with a view to eventually taking over the company, and its assets! Many of us have placed ‘market’ orders on line, wondering why they are not instantly filled from the offers on the Venture Exchange. Some time later we have our fill, but through one of a number of sub-boards. The order has been filled, but no change to the offers on the Venture Exchange. Eventually, strategically, the bids are wiped out, dropping the stock ever lower. Scotia (November 5, 2018 14:16PM EST) just bought 100,000 shares from Anonymous on the TriAct Exchange (sub-board of the TSX-V). At the time of the trade, 294,000 shares were available on the Venture Exchange, 19,000 of which available through a Scotia seller! The trade was done at .02. As the offered stock on the Venture is also at .02, obviously there was no financial advantage to the buyer, so why do it? I contend, as I have on many previous occasions, that traders at the banks, and brokerage firms are colluding with some clandestine group, or individual, for some financial incentive. And, it must be pretty good money to bypass your own firm’s requirement to match up trades where possible! Now, if ever there was a trade for the ‘Stock Cops’ to dissect…this would be it! This has happened many, many times before, so I have to assume the ‘cops’ might be asleep! I contend this activity is part of a clever plan to discredit the equity, its directors, and its assets.
With literally hundreds of millions, if not billions, to be realized when the commodities markets recover, these vultures will even stoop to hiring medicated pathological megalomaniacs to post fear-based nonsense on this, and other prominent stock boards’ in an attempt to further perpetuate their fraud on all investors. All real major investors in Explor are in constant communication with Chris Dupont, who has always made himself available, and has been as forthcoming with information as legally possible. What possible motive could a real, ‘major’ Explor investor have constantly bashing the stock he allegedly holds, or slandering Dupont and the Company’s Directors, other than to get real investors to sell their positions, thus assisting with the rouse?
$EXS...MAJOR FINANCING UNDERWAY...Starting in May of this year, a highly detailed Business Plan for the extraction of 250,000 ounces of GOLD from the Company’s Timmins Porcupine West GOLD Deposit was developed. A number of potential financiers signed Confidentiality Agreements, and discussions commenced. Apparently, over the summer, a number of proposals were received & reviewed by the Company. After lengthy negotiations, most were discarded as unreasonable, or unworkable, but one proposal had some merit. With one billion of funds under management, Dupont has been working closely with this group towards a workable financing for the TPW Extraction Project. The last I heard, we are very, very close to a formidable, and reasonable loan agreement. Further, (music to my ears), there is NO equity component to this agreement…no stock; no options; and no warrants. Obviously, the signing of an agreement, and release of funds in the mid eight-figure neighbourhood to Explor’s treasury would constitute a major material change in the Company’s status, so I think it would be reasonable to assume a halt in trading would take place, pending a News Release.
So, with the funding in place, some 20,000 meters of additional Definition Drilling would commence at the TPW, leading to an updated, independent NI 43-101 Resource Report. A proper independent Preliminary Economic Assessment (PEA) would also be undertaken, leading, in turn, to the Permitting Process with Government Agencies, and Aboriginal Authorities. Various equipment needs require lengthy lead times, so those would need to be ordered as quickly as possible, once clear parameters are established. Further site & operational details seem moot at this time, as they are well down the road.
A very credible buyer/Joint Venture partner spent a few days reviewing the plethora of core samples extracted from the Chester Copper Resource. This was followed by a careful examination of the existing portal, and drill locations on the site. Apparently, all went very well, and the gentleman left duly impressed with his findings.
$EXSFF...MAJOR FINANCING UNDERWAY...Starting in May of this year, a highly detailed Business Plan for the extraction of 250,000 ounces of GOLD from the Company’s Timmins Porcupine West GOLD Deposit was developed. A number of potential financiers signed Confidentiality Agreements, and discussions commenced. Apparently, over the summer, a number of proposals were received & reviewed by the Company. After lengthy negotiations, most were discarded as unreasonable, or unworkable, but one proposal had some merit. With one billion of funds under management, Dupont has been working closely with this group towards a workable financing for the TPW Extraction Project. The last I heard, we are very, very close to a formidable, and reasonable loan agreement. Further, (music to my ears), there is NO equity component to this agreement…no stock; no options; and no warrants. Obviously, the signing of an agreement, and release of funds in the mid eight-figure neighbourhood to Explor’s treasury would constitute a major material change in the Company’s status, so I think it would be reasonable to assume a halt in trading would take place, pending a News Release.
So, with the funding in place, some 20,000 meters of additional Definition Drilling would commence at the TPW, leading to an updated, independent NI 43-101 Resource Report. A proper independent Preliminary Economic Assessment (PEA) would also be undertaken, leading, in turn, to the Permitting Process with Government Agencies, and Aboriginal Authorities. Various equipment needs require lengthy lead times, so those would need to be ordered as quickly as possible, once clear parameters are established. Further site & operational details seem moot at this time, as they are well down the road.
A very credible buyer/Joint Venture partner spent a few days reviewing the plethora of core samples extracted from the Chester Copper Resource. This was followed by a careful examination of the existing portal, and drill locations on the site. Apparently, all went very well, and the gentleman left duly impressed with his findings.
$EXS...MAJOR FINANCING UNDERWAY...Starting in May of this year, a highly detailed Business Plan for the extraction of 250,000 ounces of GOLD from the Company’s Timmins Porcupine West GOLD Deposit was developed. A number of potential financiers signed Confidentiality Agreements, and discussions commenced. Apparently, over the summer, a number of proposals were received & reviewed by the Company. After lengthy negotiations, most were discarded as unreasonable, or unworkable, but one proposal had some merit. With one billion of funds under management, Dupont has been working closely with this group towards a workable financing for the TPW Extraction Project. The last I heard, we are very, very close to a formidable, and reasonable loan agreement. Further, (music to my ears), there is NO equity component to this agreement…no stock; no options; and no warrants. Obviously, the signing of an agreement, and release of funds in the mid eight-figure neighbourhood to Explor’s treasury would constitute a major material change in the Company’s status, so I think it would be reasonable to assume a halt in trading would take place, pending a News Release.
So, with the funding in place, some 20,000 meters of additional Definition Drilling would commence at the TPW, leading to an updated, independent NI 43-101 Resource Report. A proper independent Preliminary Economic Assessment (PEA) would also be undertaken, leading, in turn, to the Permitting Process with Government Agencies, and Aboriginal Authorities. Various equipment needs require lengthy lead times, so those would need to be ordered as quickly as possible, once clear parameters are established. Further site & operational details seem moot at this time, as they are well down the road.
A very credible buyer/Joint Venture partner spent a few days reviewing the plethora of core samples extracted from the Chester Copper Resource. This was followed by a careful examination of the existing portal, and drill locations on the site. Apparently, all went very well, and the gentleman left duly impressed with his findings.
$EXS...TIED TO GOLD...It has been suggested that the market value of a public mining company is what ‘The Market’ says it is. In other words, the .035CDN stock price of Explor Resources Inc. indicates the market value of the company, fully diluted, is roughly CDN$7,700,000. Looking at Page 35 of the most recent MD&A document available at www.sedar.com, the combined value of the company’s various property assets is CDN$35,536,838, representing fair market value. Obviously, we have a serious disconnect between the two numbers. All things being equal, on the basis of real assets alone, Explor should trade in the .22CDN neighbourhood, roughly SIX times the current price. So, why is the trading level so low??
First, and foremost, is the price of GOLD, which peaked at USD$1,900/ounce in 2011. Since then, we have seen a significant decline to the USD$1,000-1,380 neighbourhood; a recent downtrend to USD$1,225, & continued price uncertainty moving forward. Secondly, as the GOLD price peaked, so did the Toronto Venture Exchange, reaching a staggering 2,440points on a massive peak volume of 946,560,000 shares in March, 2011. Today, the exchange is at 712points, on a meager volume of 144,819,000 shares, representing 15% of the 2011 high, and a cumulative loss of 1,728points. https://web.tmxmoney.com/quote.php?qm_symbol=^JX&locale=en.
Now, if you overlay the EXS/EXSFF/E1H1 chart to the GOLD chart, and the TSX Venture chart, they are virtually identical. The logical conclusion is investor interest in Mining Exploration ebbs and flows with the price of GOLD in USD. Look at any mining exploration company’s chart over the past ten years, and other than the occasional anomaly, they are all pretty similar.
Having been in the Mining markets for a very long time, I’ve experienced this situation a number of times before. For whatever variety of reasons, as was the case in 2011, I strongly believe the commodities markets, and GOLD specifically, will peak again. Good mining explorers, including Explor, and their investors, will realize life changing gains when that occurs. Just go back to 2010-2011 to bear that out , as EXS/EXSFF/E1H1 climbed to $1.40.
The march towards production at Explor’s Timmins Porcupine West GOLD Deposit Central Pit is ongoing. I visited with President & CEO Chris Dupont last week. He gave me some seasoned insight into the process of finding the financial support for this project. Its complicated, detailed, and requires the patience of God. There is no end to Chris’ perseverance, so I’m totally convinced the funding will, eventually, fall into place. Although he could not mention specific names, he did volunteer that he is working with various, credible, and experienced sources, all of whom are deeply familiar with GOLD mining. In conjunction with the project, he’s in Sudbury this week for discussions with suppliers, and meetings with major investors in the area.
Further, during my visit with Dupont, I also drove out to the Chester Copper Deposit with the project’s chief geologist, a very old & dear friend of mine. The property itself is huge, but honeycombed with countless logging roads, providing access to all parts of the landscape. He showed me the various drill sites dating back to previous property owners, along with his excited commentary about the individual findings in each hole. We located, and discussed, some 50 drillings to maximum depths of 600meters. I also saw the existing portal into the deposit. It’s basically a corrugated steel cylinder some 30feet in diameter, sloping downward at about 15degrees. Apparently, around 100meters in, it forms a ‘T’ and carries on in either direction for some distance. I would be more specific, but the portal needs to be dewatered to gain full access. After scrounging around the portal for a while, I came away with two high grade copper samples to show to friends, and family invested in the stock. As commodities recover, I’m sure more work will be done to further delineate that resource.
$EXSFF...TIED TO GOLD...It has been suggested that the market value of a public mining company is what ‘The Market’ says it is. In other words, the .035CDN stock price of Explor Resources Inc. indicates the market value of the company, fully diluted, is roughly CDN$7,700,000. Looking at Page 35 of the most recent MD&A document available at www.sedar.com, the combined value of the company’s various property assets is CDN$35,536,838, representing fair market value. Obviously, we have a serious disconnect between the two numbers. All things being equal, on the basis of real assets alone, Explor should trade in the .22CDN neighbourhood, roughly SIX times the current price. So, why is the trading level so low??
First, and foremost, is the price of GOLD, which peaked at USD$1,900/ounce in 2011. Since then, we have seen a significant decline to the USD$1,000-1,380 neighbourhood; a recent downtrend to USD$1,225, & continued price uncertainty moving forward. Secondly, as the GOLD price peaked, so did the Toronto Venture Exchange, reaching a staggering 2,440points on a massive peak volume of 946,560,000 shares in March, 2011. Today, the exchange is at 712points, on a meager volume of 144,819,000 shares, representing 15% of the 2011 high, and a cumulative loss of 1,728points. https://web.tmxmoney.com/quote.php?qm_symbol=^JX&locale=en.
Now, if you overlay the EXS/EXSFF/E1H1 chart to the GOLD chart, and the TSX Venture chart, they are virtually identical. The logical conclusion is investor interest in Mining Exploration ebbs and flows with the price of GOLD in USD. Look at any mining exploration company’s chart over the past ten years, and other than the occasional anomaly, they are all pretty similar.
Having been in the Mining markets for a very long time, I’ve experienced this situation a number of times before. For whatever variety of reasons, as was the case in 2011, I strongly believe the commodities markets, and GOLD specifically, will peak again. Good mining explorers, including Explor, and their investors, will realize life changing gains when that occurs. Just go back to 2010-2011 to bear that out , as EXS/EXSFF/E1H1 climbed to $1.40.
The march towards production at Explor’s Timmins Porcupine West GOLD Deposit Central Pit is ongoing. I visited with President & CEO Chris Dupont last week. He gave me some seasoned insight into the process of finding the financial support for this project. Its complicated, detailed, and requires the patience of God. There is no end to Chris’ perseverance, so I’m totally convinced the funding will, eventually, fall into place. Although he could not mention specific names, he did volunteer that he is working with various, credible, and experienced sources, all of whom are deeply familiar with GOLD mining. In conjunction with the project, he’s in Sudbury this week for discussions with suppliers, and meetings with major investors in the area.
Further, during my visit with Dupont, I also drove out to the Chester Copper Deposit with the project’s chief geologist, a very old & dear friend of mine. The property itself is huge, but honeycombed with countless logging roads, providing access to all parts of the landscape. He showed me the various drill sites dating back to previous property owners, along with his excited commentary about the individual findings in each hole. We located, and discussed, some 50 drillings to maximum depths of 600meters. I also saw the existing portal into the deposit. It’s basically a corrugated steel cylinder some 30feet in diameter, sloping downward at about 15degrees. Apparently, around 100meters in, it forms a ‘T’ and carries on in either direction for some distance. I would be more specific, but the portal needs to be dewatered to gain full access. After scrounging around the portal for a while, I came away with two high grade copper samples to show to friends, and family invested in the stock. As commodities recover, I’m sure more work will be done to further delineate that resource.
$EXS...TIED TO GOLD...It has been suggested that the market value of a public mining company is what ‘The Market’ says it is. In other words, the .035CDN stock price of Explor Resources Inc. indicates the market value of the company, fully diluted, is roughly CDN$7,700,000. Looking at Page 35 of the most recent MD&A document available at www.sedar.com, the combined value of the company’s various property assets is CDN$35,536,838, representing fair market value. Obviously, we have a serious disconnect between the two numbers. All things being equal, on the basis of real assets alone, Explor should trade in the .22CDN neighbourhood, roughly SIX times the current price. So, why is the trading level so low??
First, and foremost, is the price of GOLD, which peaked at USD$1,900/ounce in 2011. Since then, we have seen a significant decline to the USD$1,000-1,380 neighbourhood; a recent downtrend to USD$1,225, & continued price uncertainty moving forward. Secondly, as the GOLD price peaked, so did the Toronto Venture Exchange, reaching a staggering 2,440points on a massive peak volume of 946,560,000 shares in March, 2011. Today, the exchange is at 712points, on a meager volume of 144,819,000 shares, representing 15% of the 2011 high, and a cumulative loss of 1,728points. https://web.tmxmoney.com/quote.php?qm_symbol=^JX&locale=en.
Now, if you overlay the EXS/EXSFF/E1H1 chart to the GOLD chart, and the TSX Venture chart, they are virtually identical. The logical conclusion is investor interest in Mining Exploration ebbs and flows with the price of GOLD in USD. Look at any mining exploration company’s chart over the past ten years, and other than the occasional anomaly, they are all pretty similar.
Having been in the Mining markets for a very long time, I’ve experienced this situation a number of times before. For whatever variety of reasons, as was the case in 2011, I strongly believe the commodities markets, and GOLD specifically, will peak again. Good mining explorers, including Explor, and their investors, will realize life changing gains when that occurs. Just go back to 2010-2011 to bear that out , as EXS/EXSFF/E1H1 climbed to $1.40.
The march towards production at Explor’s Timmins Porcupine West GOLD Deposit Central Pit is ongoing. I visited with President & CEO Chris Dupont last week. He gave me some seasoned insight into the process of finding the financial support for this project. Its complicated, detailed, and requires the patience of God. There is no end to Chris’ perseverance, so I’m totally convinced the funding will, eventually, fall into place. Although he could not mention specific names, he did volunteer that he is working with various, credible, and experienced sources, all of whom are deeply familiar with GOLD mining. In conjunction with the project, he’s in Sudbury this week for discussions with suppliers, and meetings with major investors in the area.
Further, during my visit with Dupont, I also drove out to the Chester Copper Deposit with the project’s chief geologist, a very old & dear friend of mine. The property itself is huge, but honeycombed with countless logging roads, providing access to all parts of the landscape. He showed me the various drill sites dating back to previous property owners, along with his excited commentary about the individual findings in each hole. We located, and discussed, some 50 drillings to maximum depths of 600meters. I also saw the existing portal into the deposit. It’s basically a corrugated steel cylinder some 30feet in diameter, sloping downward at about 15degrees. Apparently, around 100meters in, it forms a ‘T’ and carries on in either direction for some distance. I would be more specific, but the portal needs to be dewatered to gain full access. After scrounging around the portal for a while, I came away with two high grade copper samples to show to friends, and family invested in the stock. As commodities recover, I’m sure more work will be done to further delineate that resource.
$EXS...CONFUSING TIMES...Some of us have seen King Tut's death mask found by Carter in the 1920's. That one item contains 22.6 pounds of GOLD. It dates back to 1300BC, or roughly 3300 years ago. Other forms of GOLD currencies, and jewellery, date back even further, as a symbol of wealth and power. Look anywhere in the world, at any time through the past 5,000 years, and GOLD is present as a highly valued commodity. Even today, virtually every country in the world is accumulating GOLD reserves. There has never been enough GOLD to go around, and new deposits are becoming increasingly more sparse.
With that in mind, why is Explor trading at such a low price, given the 1,000,000ounces of GOLD at the Timmins Porcupine West deposit, and the methodical progress made to finance extraction of that GOLD from the Central Pit area??
The fact is, the entire GOLD sector, and mining generally, are way off their highs. Even mining deals spending millions on carefully placed ads, and endorsed by well known newsletter writers promoting their stock are going nowhere. With all due respect to the 'summer doldrums', the severity of the impact on the whole sector is unprecedented. Follow the money, and most is tied up in marijuana, blockchain, and cryptos. All three types of investments are in varying levels of uncertainty, dependant on politics, and banking institutions, both notorious for serving themselves, and their confederates. Where I saw reference to these three types of investments at 5% of my 200 daily e-mails a year ago, today, that has escalated to 75%! The media, even commodities based programs, are focussed almost exclusively, on these 'classes' of investments, rather than traditional mining ventures.
I've been cautioned to avoid any attempt at predicting GOLD, or any other commodity prices down the road. Frankly, could any one of us, given current circumstances?? What I do know is that prices have always recovered. It's the 'when' part that has even the most seasoned of us completely baffled. In the meantime, my confidence in Explor has not waned, and I picked up more to average my growing position.
$EXSFF...CONFUSING TIMES...Some of us have seen King Tut's death mask found by Carter in the 1920's. That one item contains 22.6 pounds of GOLD. It dates back to 1300BC, or roughly 3300 years ago. Other forms of GOLD currencies, and jewellery, date back even further, as a symbol of wealth and power. Look anywhere in the world, at any time through the past 5,000 years, and GOLD is present as a highly valued commodity. Even today, virtually every country in the world is accumulating GOLD reserves. There has never been enough GOLD to go around, and new deposits are becoming increasingly more sparse.
With that in mind, why is Explor trading at such a low price, given the 1,000,000ounces of GOLD at the Timmins Porcupine West deposit, and the methodical progress made to finance extraction of that GOLD from the Central Pit area??
The fact is, the entire GOLD sector, and mining generally, are way off their highs. Even mining deals spending millions on carefully placed ads, and endorsed by well known newsletter writers promoting their stock are going nowhere. With all due respect to the 'summer doldrums', the severity of the impact on the whole sector is unprecedented. Follow the money, and most is tied up in marijuana, blockchain, and cryptos. All three types of investments are in varying levels of uncertainty, dependant on politics, and banking institutions, both notorious for serving themselves, and their confederates. Where I saw reference to these three types of investments at 5% of my 200 daily e-mails a year ago, today, that has escalated to 75%! The media, even commodities based programs, are focussed almost exclusively, on these 'classes' of investments, rather than traditional mining ventures.
I've been cautioned to avoid any attempt at predicting GOLD, or any other commodity prices down the road. Frankly, could any one of us, given current circumstances?? What I do know is that prices have always recovered. It's the 'when' part that has even the most seasoned of us completely baffled. In the meantime, my confidence in Explor has not waned, and I picked up more to average my growing position.
$EXS...CONFUSING TIMES...Some of us have seen King Tut's death mask found by Carter in the 1920's. That one item contains 22.6 pounds of GOLD. It dates back to 1300BC, or roughly 3300 years ago. Other forms of GOLD currencies, and jewellery, date back even further, as a symbol of wealth and power. Look anywhere in the world, at any time through the past 5,000 years, and GOLD is present as a highly valued commodity. Even today, virtually every country in the world is accumulating GOLD reserves. There has never been enough GOLD to go around, and new deposits are becoming increasingly more sparse.
With that in mind, why is Explor trading at such a low price, given the 1,000,000ounces of GOLD at the Timmins Porcupine West deposit, and the methodical progress made to finance extraction of that GOLD from the Central Pit area??
The fact is, the entire GOLD sector, and mining generally, are way off their highs. Even mining deals spending millions on carefully placed ads, and endorsed by well known newsletter writers promoting their stock are going nowhere. With all due respect to the 'summer doldrums', the severity of the impact on the whole sector is unprecedented. Follow the money, and most is tied up in marijuana, blockchain, and cryptos. All three types of investments are in varying levels of uncertainty, dependant on politics, and banking institutions, both notorious for serving themselves, and their confederates. Where I saw reference to these three types of investments at 5% of my 200 daily e-mails a year ago, today, that has escalated to 75%! The media, even commodities based programs, are focussed almost exclusively, on these 'classes' of investments, rather than traditional mining ventures.
I've been cautioned to avoid any attempt at predicting GOLD, or any other commodity prices down the road. Frankly, could any one of us, given current circumstances?? What I do know is that prices have always recovered. It's the 'when' part that has even the most seasoned of us completely baffled. In the meantime, my confidence in Explor has not waned, and I picked up more to average my growing position.
$EXS...METALLURGY...In June, 2014, a close business associate of 35 years suggested I take a good long look at Explor Resources, and he gave me President Chris Dupont’s number to discuss an investment in the Company. Initially, I did a thorough review of the Company’s website; read the latest available MD&A (Management Discussion & Analysis) document, and I reviewed the Company’s financials. Having invested in some 300 mining exploration venture companies in the past, I had a half-dozen questions that would determine the extent to which I would commit to the investment. I called Dupont, and we spoke at lengths about the similarities between the Hollinger, McIntyre & Dome Gold Mines, and the Company’s Timmins Porcupine West Gold Deposit. We discussed the drilling done on just a small portion of the huge porphyry, with Gold found in 116 of 122 holes drilled. That led to a discussion about the computer-generated model of the TPW Deposit, and the likelihood of 20-30,000,000 ounces of Gold in that section of the porphyry alone. We talked about the promising potential of the Company’s Copper resource in New Brunswick. We also discussed the Company’s property holdings within a couple of kilometers of the prolific Glencore Kidd Base Metals Mine, and the ‘cluster effect’ of VMS (Volcanogenic Massive Sulphide) deposits. We touched on the variety of other mineral assets in the Company’s portfolio. Following this lengthy process of due diligence, I made my first purchase of Explor the next morning. That buy was at .025, and I have been adding to my position ever since. To date, that continues to be my lowest price, but I have bought at virtually all prices to a high at .23 over these past four years. More recently, I’ve added more at .04-.05. Given my firm belief Gold will take off to new highs in the near future, I’m quite happy with the average price of my holdings. The entire mining exploration business has suffered over the past couple of years, but will quickly gather steam as the price of Gold escalates.
Obviously, a great deal has happened over these past four years. It hasn’t always been pretty, but given Dupont’s massive holdings in the Company, and those of his family and friends, I know that every decision made by he & the Board of Directors has been made in an effort to enhance shareholder value. We have seen a number of strategic property acquisitions; exploration drilling on a variety of properties, and successful negotiations with regulators, and aboriginal authorities. Most notably, at the TPW, a sixth, previously unknown shear zone was found, adding more promise to the deposit’s potential. Over all, I’ve become convinced the Board of Directors has the expertise, and experience, to deal with the variety of issues that will require attention, moving toward actual production at the TPW Central Open Pit.
The recent Metallurgical Test results of the proposed TPW Pit samples are nothing short of spectacular. I’m not going to pretend to be an expert in interpreting all of the results, but a 93% Gold Recovery Rate; a very high ‘Free Gold’ percentage, and essentially no arsenic production is extremely rare, and implies significantly reduced production costs. Although extremely difficult to interpret by the average investor, the various results of this complex process suggest a higher dividend to all shareholders down the road. It should also be viewed as a major step forward, as knowledgeable financiers will immediately recognize the cost reductions, and ease of Gold extraction. Equipment, processing needs, and infrastructure to create Gold concentrate at the TPW are dramatically minimized by this news. The ‘metallurgy’ of the deposit will also make the permitting process quicker, and less cumbersome.
$EXSFF...METALLURGY...In June, 2014, a close business associate of 35 years suggested I take a good long look at Explor Resources, and he gave me President Chris Dupont’s number to discuss an investment in the Company. Initially, I did a thorough review of the Company’s website; read the latest available MD&A (Management Discussion & Analysis) document, and I reviewed the Company’s financials. Having invested in some 300 mining exploration venture companies in the past, I had a half-dozen questions that would determine the extent to which I would commit to the investment. I called Dupont, and we spoke at lengths about the similarities between the Hollinger, McIntyre & Dome Gold Mines, and the Company’s Timmins Porcupine West Gold Deposit. We discussed the drilling done on just a small portion of the huge porphyry, with Gold found in 116 of 122 holes drilled. That led to a discussion about the computer-generated model of the TPW Deposit, and the likelihood of 20-30,000,000 ounces of Gold in that section of the porphyry alone. We talked about the promising potential of the Company’s Copper resource in New Brunswick. We also discussed the Company’s property holdings within a couple of kilometers of the prolific Glencore Kidd Base Metals Mine, and the ‘cluster effect’ of VMS (Volcanogenic Massive Sulphide) deposits. We touched on the variety of other mineral assets in the Company’s portfolio. Following this lengthy process of due diligence, I made my first purchase of Explor the next morning. That buy was at .025, and I have been adding to my position ever since. To date, that continues to be my lowest price, but I have bought at virtually all prices to a high at .23 over these past four years. More recently, I’ve added more at .04-.05. Given my firm belief Gold will take off to new highs in the near future, I’m quite happy with the average price of my holdings. The entire mining exploration business has suffered over the past couple of years, but will quickly gather steam as the price of Gold escalates.
Obviously, a great deal has happened over these past four years. It hasn’t always been pretty, but given Dupont’s massive holdings in the Company, and those of his family and friends, I know that every decision made by he & the Board of Directors has been made in an effort to enhance shareholder value. We have seen a number of strategic property acquisitions; exploration drilling on a variety of properties, and successful negotiations with regulators, and aboriginal authorities. Most notably, at the TPW, a sixth, previously unknown shear zone was found, adding more promise to the deposit’s potential. Over all, I’ve become convinced the Board of Directors has the expertise, and experience, to deal with the variety of issues that will require attention, moving toward actual production at the TPW Central Open Pit.
The recent Metallurgical Test results of the proposed TPW Pit samples are nothing short of spectacular. I’m not going to pretend to be an expert in interpreting all of the results, but a 93% Gold Recovery Rate; a very high ‘Free Gold’ percentage, and essentially no arsenic production is extremely rare, and implies significantly reduced production costs. Although extremely difficult to interpret by the average investor, the various results of this complex process suggest a higher dividend to all shareholders down the road. It should also be viewed as a major step forward, as knowledgeable financiers will immediately recognize the cost reductions, and ease of Gold extraction. Equipment, processing needs, and infrastructure to create Gold concentrate at the TPW are dramatically minimized by this news. The ‘metallurgy’ of the deposit will also make the permitting process quicker, and less cumbersome.
$EXS...METALLURGY...In June, 2014, a close business associate of 35 years suggested I take a good long look at Explor Resources, and he gave me President Chris Dupont’s number to discuss an investment in the Company. Initially, I did a thorough review of the Company’s website; read the latest available MD&A (Management Discussion & Analysis) document, and I reviewed the Company’s financials. Having invested in some 300 mining exploration venture companies in the past, I had a half-dozen questions that would determine the extent to which I would commit to the investment. I called Dupont, and we spoke at lengths about the similarities between the Hollinger, McIntyre & Dome Gold Mines, and the Company’s Timmins Porcupine West Gold Deposit. We discussed the drilling done on just a small portion of the huge porphyry, with Gold found in 116 of 122 holes drilled. That led to a discussion about the computer-generated model of the TPW Deposit, and the likelihood of 20-30,000,000 ounces of Gold in that section of the porphyry alone. We talked about the promising potential of the Company’s Copper resource in New Brunswick. We also discussed the Company’s property holdings within a couple of kilometers of the prolific Glencore Kidd Base Metals Mine, and the ‘cluster effect’ of VMS (Volcanogenic Massive Sulphide) deposits. We touched on the variety of other mineral assets in the Company’s portfolio. Following this lengthy process of due diligence, I made my first purchase of Explor the next morning. That buy was at .025, and I have been adding to my position ever since. To date, that continues to be my lowest price, but I have bought at virtually all prices to a high at .23 over these past four years. More recently, I’ve added more at .04-.05. Given my firm belief Gold will take off to new highs in the near future, I’m quite happy with the average price of my holdings. The entire mining exploration business has suffered over the past couple of years, but will quickly gather steam as the price of Gold escalates.
Obviously, a great deal has happened over these past four years. It hasn’t always been pretty, but given Dupont’s massive holdings in the Company, and those of his family and friends, I know that every decision made by he & the Board of Directors has been made in an effort to enhance shareholder value. We have seen a number of strategic property acquisitions; exploration drilling on a variety of properties, and successful negotiations with regulators, and aboriginal authorities. Most notably, at the TPW, a sixth, previously unknown shear zone was found, adding more promise to the deposit’s potential. Over all, I’ve become convinced the Board of Directors has the expertise, and experience, to deal with the variety of issues that will require attention, moving toward actual production at the TPW Central Open Pit.
The recent Metallurgical Test results of the proposed TPW Pit samples are nothing short of spectacular. I’m not going to pretend to be an expert in interpreting all of the results, but a 93% Gold Recovery Rate; a very high ‘Free Gold’ percentage, and essentially no arsenic production is extremely rare, and implies significantly reduced production costs. Although extremely difficult to interpret by the average investor, the various results of this complex process suggest a higher dividend to all shareholders down the road. It should also be viewed as a major step forward, as knowledgeable financiers will immediately recognize the cost reductions, and ease of Gold extraction. Equipment, processing needs, and infrastructure to create Gold concentrate at the TPW are dramatically minimized by this news. The ‘metallurgy’ of the deposit will also make the permitting process quicker, and less cumbersome.
$EXS...SHOW ME THE MONEY...I’m in touch with quite a few investors in Explor Resources Inc. (EXS/EXSFF/E1H1) on an ongoing basis. The big question every one seems to be struggling with, is whether or not, President & CEO Chris Dupont, and the Company’s Directors, can nail down the loan required to exploit the 250,000ounce TPW’s (Timmins Porcupine West GOLD Deposit) Central Pit area.
I started investing in Junior GOLD miners in 1978. My broker was a crusty little gent with Continental Securities in Vancouver. He put me into a Primary Offering he was doing called Corona Resources. He was friends with legendary stock promoter Murray Pezim who, at that time, was drilling on the Porcupine Destor Fault Zone, where the TPW is located. After some 90 failed drilling attempts, he finally hit the ‘glory’ hole, Hemlo was born, and the Corona Resources stock went through the roof. It was Pezim’s tenacity, determination, and undying commitment to getting the job done, that won over financiers Gus McPhail, who ran Continental, and Peter Brown, who established Canarim Investment Corp, (now Canaccord) to fund the venture to the ultimate end result. I met Murray myself, he was all business, and displayed all those qualities during our meetings.
Dupont has all the qualities Murray had. Before I invest in anything, I take a very hard look at the people running the show. I did that four years ago when the Company was brought to my attention by an associate I trust explicitly. I made it my business to meet with Dupont, and I have spent a great deal of time with him since. So, although I must honestly admit to some personal doubts along the way, Dupont and the team have always found the money to get the job done. I’ve learned over these past four years that no other result is acceptable to Chris, no matter what it takes…no matter how long it takes. So, assuming he does eventually nail down the loan, and work gets started at the TPW, with an eventual Dividend to shareholders, what impact do you think that will have on the stock price???
I’ve heard the preliminary metallurgical numbers at the TPW are ‘stunning’. In view of the complex nature of the plethora of results, the lab continues to prepare their final report. Apparently, GOLD recovery rates are well above average, and we have a lot of ‘Free GOLD’ as well. In my experience, that will be music to financiers’ ears, as, ultimately, extraction costs will be considerably minimized. Remember, Detour GOLD, Goldcorp, IAMGOLD, and others in the region, all began as an ‘Explor’. Nothing was more exciting to their early shareholders than watching their stock double, double again, and then double again.
$EXSFF...SHOW ME THE MONEY...I’m in touch with quite a few investors in Explor Resources Inc. (EXS/EXSFF/E1H1) on an ongoing basis. The big question every one seems to be struggling with, is whether or not, President & CEO Chris Dupont, and the Company’s Directors, can nail down the loan required to exploit the 250,000ounce TPW’s (Timmins Porcupine West GOLD Deposit) Central Pit area.
I started investing in Junior GOLD miners in 1978. My broker was a crusty little gent with Continental Securities in Vancouver. He put me into a Primary Offering he was doing called Corona Resources. He was friends with legendary stock promoter Murray Pezim who, at that time, was drilling on the Porcupine Destor Fault Zone, where the TPW is located. After some 90 failed drilling attempts, he finally hit the ‘glory’ hole, Hemlo was born, and the Corona Resources stock went through the roof. It was Pezim’s tenacity, determination, and undying commitment to getting the job done, that won over financiers Gus McPhail, who ran Continental, and Peter Brown, who established Canarim Investment Corp, (now Canaccord) to fund the venture to the ultimate end result. I met Murray myself, he was all business, and displayed all those qualities during our meetings.
Dupont has all the qualities Murray had. Before I invest in anything, I take a very hard look at the people running the show. I did that four years ago when the Company was brought to my attention by an associate I trust explicitly. I made it my business to meet with Dupont, and I have spent a great deal of time with him since. So, although I must honestly admit to some personal doubts along the way, Dupont and the team have always found the money to get the job done. I’ve learned over these past four years that no other result is acceptable to Chris, no matter what it takes…no matter how long it takes. So, assuming he does eventually nail down the loan, and work gets started at the TPW, with an eventual Dividend to shareholders, what impact do you think that will have on the stock price???
I’ve heard the preliminary metallurgical numbers at the TPW are ‘stunning’. In view of the complex nature of the plethora of results, the lab continues to prepare their final report. Apparently, GOLD recovery rates are well above average, and we have a lot of ‘Free GOLD’ as well. In my experience, that will be music to financiers’ ears, as, ultimately, extraction costs will be considerably minimized. Remember, Detour GOLD, Goldcorp, IAMGOLD, and others in the region, all began as an ‘Explor’. Nothing was more exciting to their early shareholders than watching their stock double, double again, and then double again.
$EXS...SHOW ME THE MONEY...I’m in touch with quite a few investors in Explor Resources Inc. (EXS/EXSFF/E1H1) on an ongoing basis. The big question every one seems to be struggling with, is whether or not, President & CEO Chris Dupont, and the Company’s Directors, can nail down the loan required to exploit the 250,000ounce TPW’s (Timmins Porcupine West GOLD Deposit) Central Pit area.
I started investing in Junior GOLD miners in 1978. My broker was a crusty little gent with Continental Securities in Vancouver. He put me into a Primary Offering he was doing called Corona Resources. He was friends with legendary stock promoter Murray Pezim who, at that time, was drilling on the Porcupine Destor Fault Zone, where the TPW is located. After some 90 failed drilling attempts, he finally hit the ‘glory’ hole, Hemlo was born, and the Corona Resources stock went through the roof. It was Pezim’s tenacity, determination, and undying commitment to getting the job done, that won over financiers Gus McPhail, who ran Continental, and Peter Brown, who established Canarim Investment Corp, (now Canaccord) to fund the venture to the ultimate end result. I met Murray myself, he was all business, and displayed all those qualities during our meetings.
Dupont has all the qualities Murray had. Before I invest in anything, I take a very hard look at the people running the show. I did that four years ago when the Company was brought to my attention by an associate I trust explicitly. I made it my business to meet with Dupont, and I have spent a great deal of time with him since. So, although I must honestly admit to some personal doubts along the way, Dupont and the team have always found the money to get the job done. I’ve learned over these past four years that no other result is acceptable to Chris, no matter what it takes…no matter how long it takes. So, assuming he does eventually nail down the loan, and work gets started at the TPW, with an eventual Dividend to shareholders, what impact do you think that will have on the stock price???
I’ve heard the preliminary metallurgical numbers at the TPW are ‘stunning’. In view of the complex nature of the plethora of results, the lab continues to prepare their final report. Apparently, GOLD recovery rates are well above average, and we have a lot of ‘Free GOLD’ as well. In my experience, that will be music to financiers’ ears, as, ultimately, extraction costs will be considerably minimized. Remember, Detour GOLD, Goldcorp, IAMGOLD, and others in the region, all began as an ‘Explor’. Nothing was more exciting to their early shareholders than watching their stock double, double again, and then double again.
$EXS...BREAKOUT?? “As GOLD goes, so goes Explor Resources.” Donny’s latest tweet put a shake into GOLD yesterday, realizing US$1,365/ounce, but alas, by day’s end had drifted back to the low $1,350’s, another tease to all us GOLD bugs. Chartists, & analysts, have drawn a line in the sand at $1,375. General consensus suggests that breaching & holding above that price will signal a strong move upward. The Kitco 5&10year charts www.kitco.com/charts/livegold.html appear to be getting bullish, and look very promising moving forward. SO…WHAT? Well, the higher GOLD trades, the more the Central Pit of the Company’s Timmins Porcupine West (TPW) GOLD Deposit is worth. In the Dr. Allen Alper www.metalsnews.com interview at the recent PDAC, he was blown away by the value of the 250,000ounce potential of US$300million, based on US$1,200ounce. Should GOLD hit $1,400, or beyond, obviously the proposed dividend payable to shareholders, will be exponentially higher. That must also, surely, be on the minds of the prospective financiers Dupont has been busy working with. So, I picked up another bunch of shares yesterday, and will probably pick up more at these severely depressed prices.
I’ve heard the final flotation tests on the TPW core samples have been completed, so the metallurgical testing phase is finished. The lab is preparing its final results for the Company’s Directors, and I believe we will see a NR speaking specifically to this, and the impact the deposit’s metallurgy has on GOLD recovery rates, and cost estimates at the TPW. Obviously, this essential insight will be invaluable to the financiers, as they prepare their proposals.
Please don’t allow yourself to be fooled by the daily, & ongoing quotes for Explor Resources provided by the banks, which suggested 119,200 shares traded at .035, making the stock appear weak. Save the following link… https://www.stockwatch.com/Quote/Detail.aspx?symbol=EXS®ion=C. There you can clearly see a variety of sub-boards to the Toronto Venture Exchange. The actual volume yesterday was 2,208,300 shares, last at .04, on 52 separate trades. That tells me that interest in the equity appears to be growing…
With another inexpensive, important acquisition, Dupont clearly sees a major profit for shareholders as GOLD, & Base Metals move higher, firmly believing we will breach previous highs in the foreseeable future. The NR of April 11 is both comprehensive, and promising. I encourage everyone to read it for themselves http://explorresources.com/assets/docs/news/2018-04-11-NR-EN.pdf.
$EXSFF...BREAKOUT?? “As GOLD goes, so goes Explor Resources.” Donny’s latest tweet put a shake into GOLD yesterday, realizing US$1,365/ounce, but alas, by day’s end had drifted back to the low $1,350’s, another tease to all us GOLD bugs. Chartists, & analysts, have drawn a line in the sand at $1,375. General consensus suggests that breaching & holding above that price will signal a strong move upward. The Kitco 5&10year charts www.kitco.com/charts/livegold.html appear to be getting bullish, and look very promising moving forward. SO…WHAT? Well, the higher GOLD trades, the more the Central Pit of the Company’s Timmins Porcupine West (TPW) GOLD Deposit is worth. In the Dr. Allen Alper www.metalsnews.com interview at the recent PDAC, he was blown away by the value of the 250,000ounce potential of US$300million, based on US$1,200ounce. Should GOLD hit $1,400, or beyond, obviously the proposed dividend payable to shareholders, will be exponentially higher. That must also, surely, be on the minds of the prospective financiers Dupont has been busy working with. So, I picked up another bunch of shares yesterday, and will probably pick up more at these severely depressed prices.
I’ve heard the final flotation tests on the TPW core samples have been completed, so the metallurgical testing phase is finished. The lab is preparing its final results for the Company’s Directors, and I believe we will see a NR speaking specifically to this, and the impact the deposit’s metallurgy has on GOLD recovery rates, and cost estimates at the TPW. Obviously, this essential insight will be invaluable to the financiers, as they prepare their proposals.
Please don’t allow yourself to be fooled by the daily, & ongoing quotes for Explor Resources provided by the banks, which suggested 119,200 shares traded at .035, making the stock appear weak. Save the following link… https://www.stockwatch.com/Quote/Detail.aspx?symbol=EXS®ion=C. There you can clearly see a variety of sub-boards to the Toronto Venture Exchange. The actual volume yesterday was 2,208,300 shares, last at .04, on 52 separate trades. That tells me that interest in the equity appears to be growing…
With another inexpensive, important acquisition, Dupont clearly sees a major profit for shareholders as GOLD, & Base Metals move higher, firmly believing we will breach previous highs in the foreseeable future. The NR of April 11 is both comprehensive, and promising. I encourage everyone to read it for themselves http://explorresources.com/assets/docs/news/2018-04-11-NR-EN.pdf.
$EXS...BREAKOUT?? “As GOLD goes, so goes Explor Resources.” Donny’s latest tweet put a shake into GOLD yesterday, realizing US$1,365/ounce, but alas, by day’s end had drifted back to the low $1,350’s, another tease to all us GOLD bugs. Chartists, & analysts, have drawn a line in the sand at $1,375. General consensus suggests that breaching & holding above that price will signal a strong move upward. The Kitco 5&10year charts www.kitco.com/charts/livegold.html appear to be getting bullish, and look very promising moving forward. SO…WHAT? Well, the higher GOLD trades, the more the Central Pit of the Company’s Timmins Porcupine West (TPW) GOLD Deposit is worth. In the Dr. Allen Alper www.metalsnews.com interview at the recent PDAC, he was blown away by the value of the 250,000ounce potential of US$300million, based on US$1,200ounce. Should GOLD hit $1,400, or beyond, obviously the proposed dividend payable to shareholders, will be exponentially higher. That must also, surely, be on the minds of the prospective financiers Dupont has been busy working with. So, I picked up another bunch of shares yesterday, and will probably pick up more at these severely depressed prices.
I’ve heard the final flotation tests on the TPW core samples have been completed, so the metallurgical testing phase is finished. The lab is preparing its final results for the Company’s Directors, and I believe we will see a NR speaking specifically to this, and the impact the deposit’s metallurgy has on GOLD recovery rates, and cost estimates at the TPW. Obviously, this essential insight will be invaluable to the financiers, as they prepare their proposals.
Please don’t allow yourself to be fooled by the daily, & ongoing quotes for Explor Resources provided by the banks, which suggested 119,200 shares traded at .035, making the stock appear weak. Save the following link… https://www.stockwatch.com/Quote/Detail.aspx?symbol=EXS®ion=C. There you can clearly see a variety of sub-boards to the Toronto Venture Exchange. The actual volume yesterday was 2,208,300 shares, last at .04, on 52 separate trades. That tells me that interest in the equity appears to be growing…
With another inexpensive, important acquisition, Dupont clearly sees a major profit for shareholders as GOLD, & Base Metals move higher, firmly believing we will breach previous highs in the foreseeable future. The NR of April 11 is both comprehensive, and promising. I encourage everyone to read it for themselves http://explorresources.com/assets/docs/news/2018-04-11-NR-EN.pdf.
$EXS...IMPORTANT DOCUMENT...IMPORTANT INTERVIEW...Firstly, I wanted to express my appreciation to the bashers on the Stockhouse Bull Board for taking the time to post their thoughts, even though they don’t own any stock. Seeing their postings is, of course, unavoidable, as the site’s posting rules are pretty relaxed. Collectively, however, they have had an impact on the price of the equity, as some investors have obviously decided to move on, buying into their nonsense. Add to that, the ongoing fluctuations in the metals markets, as well as speculator interest moving to other well reported sectors, and its no surprise that Explor stock is at a 4 year low. To me, that represents a very surprising entry point for any new investor, or a terrific opportunity to average an existing holding.
Corporately, the Company’s assets have grown exponentially over the past 4 years. A requirement of the Toronto Venture Exchange is the quarterly submission of an MD&A report (Management Discussion & Analysis). Explor’s most recent report is dated March 29th, 2018, and can be found at www.sedar.com. I’ve read hundreds of these reports over the years, but have never seen one as thorough, or as comprehensive, as this one. It spans 49 pages, offering investors the answers to virtually any question they might have about any of the Company’s properties. All fifteen property blocks are described in infinite detail, including history, drilling, and plans moving forward. Excluding the recent Hoyle Pond property block, those corporate assets are conservatively valued at CDN$36,400,000 (Pg36).
My most recent discussion with Chris Dupont was very encouraging. ‘Significant’ progress has been made with American, and European based lenders in regards to the financing of the extraction of 250,000ounces of GOLD at the Timmins Porcupine West GOLD Deposit (TPW). He also indicated that the metallurgical testing results should be forthcoming as early as next week, and that preparations for delineation drilling at the TPW are underway. He also suggested investors should follow www.metalsnews.com as a comprehensive, and informative, interview between Dr. Allen Alper and Dupont should be posted to the site by the end of the week.
In my experience as a shareholder of this equity, I’ve never had any doubts about the experience, or professionalism, of the Directors, or key personnel. I find it sad that the equity is tied more to the price of GOLD, and Copper, than to its assets, or people.
$EXSFF...IMPORTANT DOCUMENT...IMPORTANT INTERVIEW...Firstly, I wanted to express my appreciation to the bashers on the Stockhouse Bull Board for taking the time to post their thoughts, even though they don’t own any stock. Seeing their postings is, of course, unavoidable, as the site’s posting rules are pretty relaxed. Collectively, however, they have had an impact on the price of the equity, as some investors have obviously decided to move on, buying into their nonsense. Add to that, the ongoing fluctuations in the metals markets, as well as speculator interest moving to other well reported sectors, and its no surprise that Explor stock is at a 4 year low. To me, that represents a very surprising entry point for any new investor, or a terrific opportunity to average an existing holding.
Corporately, the Company’s assets have grown exponentially over the past 4 years. A requirement of the Toronto Venture Exchange is the quarterly submission of an MD&A report (Management Discussion & Analysis). Explor’s most recent report is dated March 29th, 2018, and can be found at www.sedar.com. I’ve read hundreds of these reports over the years, but have never seen one as thorough, or as comprehensive, as this one. It spans 49 pages, offering investors the answers to virtually any question they might have about any of the Company’s properties. All fifteen property blocks are described in infinite detail, including history, drilling, and plans moving forward. Excluding the recent Hoyle Pond property block, those corporate assets are conservatively valued at CDN$36,400,000 (Pg36).
My most recent discussion with Chris Dupont was very encouraging. ‘Significant’ progress has been made with American, and European based lenders in regards to the financing of the extraction of 250,000ounces of GOLD at the Timmins Porcupine West GOLD Deposit (TPW). He also indicated that the metallurgical testing results should be forthcoming as early as next week, and that preparations for delineation drilling at the TPW are underway. He also suggested investors should follow www.metalsnews.com as a comprehensive, and informative, interview between Dr. Allen Alper and Dupont should be posted to the site by the end of the week.
In my experience as a shareholder of this equity, I’ve never had any doubts about the experience, or professionalism, of the Directors, or key personnel. I find it sad that the equity is tied more to the price of GOLD, and Copper, than to its assets, or people.
$EXS...IMPORTANT REPORT...IMPORTANT INTERVIEW...Firstly, I wanted to express my appreciation to the bashers on the Stockhouse Bull Board for taking the time to post their thoughts, even though they don’t own any stock. Seeing their postings is, of course, unavoidable, as the site’s posting rules are pretty relaxed. Collectively, however, they have had an impact on the price of the equity, as some investors have obviously decided to move on, buying into their nonsense. Add to that, the ongoing fluctuations in the metals markets, as well as speculator interest moving to other well reported sectors, and its no surprise that Explor stock is at a 4 year low. To me, that represents a very surprising entry point for any new investor, or a terrific opportunity to average an existing holding.
Corporately, the Company’s assets have grown exponentially over the past 4 years. A requirement of the Toronto Venture Exchange is the quarterly submission of an MD&A report (Management Discussion & Analysis). Explor’s most recent report is dated March 29th, 2018, and can be found at www.sedar.com. I’ve read hundreds of these reports over the years, but have never seen one as thorough, or as comprehensive, as this one. It spans 49 pages, offering investors the answers to virtually any question they might have about any of the Company’s properties. All fifteen property blocks are described in infinite detail, including history, drilling, and plans moving forward. Excluding the recent Hoyle Pond property block, those corporate assets are conservatively valued at CDN$36,400,000 (Pg36).
My most recent discussion with Chris Dupont was very encouraging. ‘Significant’ progress has been made with American, and European based lenders in regards to the financing of the extraction of 250,000ounces of GOLD at the Timmins Porcupine West GOLD Deposit (TPW). He also indicated that the metallurgical testing results should be forthcoming as early as next week, and that preparations for delineation drilling at the TPW are underway. He also suggested investors should follow www.metalsnews.com as a comprehensive, and informative, interview between Dr. Allen Alper and Dupont should be posted to the site by the end of the week.
In my experience as a shareholder of this equity, I’ve never had any doubts about the experience, or professionalism, of the Directors, or key personnel. I find it sad that the equity is tied more to the price of GOLD, and Copper, than to its assets, or people.
$EXS...SLOW & STEADY...The prevailing belief shared by many of the attendees at the PDAC, as well as a number of presenters at the event, is that the value of GOLD will reach, and exceed previous highs. The Federal Reserve in the US has made it clear it intends to raise interest rates two, or three times during 2018. Its widely felt that debt, and the increased debt servicing costs may, in fact, bankrupt a number of institutions, and potentially, start a domino effect throughout the financial community worldwide. Add to that the myriad trade uncertainties internationally, and the perceived net effect is that GOLD will move, at least considerably higher. Explor is focussed on further delineating the Central Pit area of the Timmins Porcupine West GOLD Deposit (TPW), to further satisfy lenders that 250,000ounces of GOLD are readily available for Open Pit extraction in that area of the known deposit. The TPW GOLD deposit is very close to the Tahoe mill at Bell Creek, as well as Goldcorp’s facilities slightly to the east of the deposit, so processing the ore shouldn’t present a problem. I personally witnessed a lengthy discussion between a very senior Tahoe official, & two of the Company’s Senior Geologists, one of whom spearheaded all the TPW exploration to date, and will lead the delineation drilling team at the Central Pit on site. Selected TPW core samples from the proposed Open Pit have been sent to the lab for metallurgical testing, which should be completed within the next few weeks. That testing will determine, with some relative accuracy, anticipated ore recovery rates, and hardness factors, that in turn, impact extraction costs. My understanding is that a number of lenders from the United States, and Europe, are considering supporting the open pit scenario on the heals of the testing.
Further, I wanted to point out an interesting observation in regards to the March 5th results at the Company’s East Bay property. Although its very early days, its very encouraging not only to report 4.85grams over 2.5meters, but also to find GOLD ‘in the sediments’. This easily merits additional drilling as many important GOLD deposits have been discovered in sediments around the world. At the TPW, the ‘glory hole’ returned important values in the sediments, which led to the higher-grade discovery at depth.
Congratulations to the team on yet another important property acquisition the other day. The Hoyle Township block lies directly between Tahoe, & Goldcorp, and represents the fifteenth ‘property of merit’ in Explor’s impressive portfolio. With the prolific Bell Creek, Owl Creek, & Hoyle Pond GOLD mines directly south, & very close by, exploration undertaken in due course should be very interesting.
$EXSFF...SLOW & STEADY...The prevailing belief shared by many of the attendees at the PDAC, as well as a number of presenters at the event, is that the value of GOLD will reach, and exceed previous highs. The Federal Reserve in the US has made it clear it intends to raise interest rates two, or three times during 2018. Its widely felt that debt, and the increased debt servicing costs may, in fact, bankrupt a number of institutions, and potentially, start a domino effect throughout the financial community worldwide. Add to that the myriad trade uncertainties internationally, and the perceived net effect is that GOLD will move, at least considerably higher. Explor is focussed on further delineating the Central Pit area of the Timmins Porcupine West GOLD Deposit (TPW), to further satisfy lenders that 250,000ounces of GOLD are readily available for Open Pit extraction in that area of the known deposit. The TPW GOLD deposit is very close to the Tahoe mill at Bell Creek, as well as Goldcorp’s facilities slightly to the east of the deposit, so processing the ore shouldn’t present a problem. I personally witnessed a lengthy discussion between a very senior Tahoe official, & two of the Company’s Senior Geologists, one of whom spearheaded all the TPW exploration to date, and will lead the delineation drilling team at the Central Pit on site. Selected TPW core samples from the proposed Open Pit have been sent to the lab for metallurgical testing, which should be completed within the next few weeks. That testing will determine, with some relative accuracy, anticipated ore recovery rates, and hardness factors, that in turn, impact extraction costs. My understanding is that a number of lenders from the United States, and Europe, are considering supporting the open pit scenario on the heals of the testing.
Further, I wanted to point out an interesting observation in regards to the March 5th results at the Company’s East Bay property. Although its very early days, its very encouraging not only to report 4.85grams over 2.5meters, but also to find GOLD ‘in the sediments’. This easily merits additional drilling as many important GOLD deposits have been discovered in sediments around the world. At the TPW, the ‘glory hole’ returned important values in the sediments, which led to the higher-grade discovery at depth.
Congratulations to the team on yet another important property acquisition the other day. The Hoyle Township block lies directly between Tahoe, & Goldcorp, and represents the fifteenth ‘property of merit’ in Explor’s impressive portfolio. With the prolific Bell Creek, Owl Creek, & Hoyle Pond GOLD mines directly south, & very close by, exploration undertaken in due course should be very interesting.
$EXS...SLOW & STEADY...The prevailing belief shared by many of the attendees at the PDAC, as well as a number of presenters at the event, is that the value of GOLD will reach, and exceed previous highs. The Federal Reserve in the US has made it clear it intends to raise interest rates two, or three times during 2018. Its widely felt that debt, and the increased debt servicing costs may, in fact, bankrupt a number of institutions, and potentially, start a domino effect throughout the financial community worldwide. Add to that the myriad trade uncertainties internationally, and the perceived net effect is that GOLD will move, at least considerably higher. Explor is focussed on further delineating the Central Pit area of the Timmins Porcupine West GOLD Deposit (TPW), to further satisfy lenders that 250,000ounces of GOLD are readily available for Open Pit extraction in that area of the known deposit. The TPW GOLD deposit is very close to the Tahoe mill at Bell Creek, as well as Goldcorp’s facilities slightly to the east of the deposit, so processing the ore shouldn’t present a problem. I personally witnessed a lengthy discussion between a very senior Tahoe official, & two of the Company’s Senior Geologists, one of whom spearheaded all the TPW exploration to date, and will lead the delineation drilling team at the Central Pit on site. Selected TPW core samples from the proposed Open Pit have been sent to the lab for metallurgical testing, which should be completed within the next few weeks. That testing will determine, with some relative accuracy, anticipated ore recovery rates, and hardness factors, that in turn, impact extraction costs. My understanding is that a number of lenders from the United States, and Europe, are considering supporting the open pit scenario on the heals of the testing.
Further, I wanted to point out an interesting observation in regards to the March 5th results at the Company’s East Bay property. Although its very early days, its very encouraging not only to report 4.85grams over 2.5meters, but also to find GOLD ‘in the sediments’. This easily merits additional drilling as many important GOLD deposits have been discovered in sediments around the world. At the TPW, the ‘glory hole’ returned important values in the sediments, which led to the higher-grade discovery at depth.
Congratulations to the team on yet another important property acquisition the other day. The Hoyle Township block lies directly between Tahoe, & Goldcorp, and represents the fifteenth ‘property of merit’ in Explor’s impressive portfolio. With the prolific Bell Creek, Owl Creek, & Hoyle Pond GOLD mines directly south, & very close by, exploration undertaken in due course should be very interesting.
$EXS...PDAC DAY TWO...The PDAC convention floor was congested all day Monday, and from the minute the show started, the Explor Booth #2122 was very busy. The long awaited East Bay drilling results were released in the morning, and a number of people wanted more on those. The team has a newly prepared hard copy handout of the East Bay Power Point presentation which will be available on the Company’s website shortly. The title on the morning’s announcement of 4.83grams/tonne GOLD over 2.5meters certainly caught my attention. Given the evolving plan to put the Timmins Porcupine West GOLD Deposit (TPW) Central Pit area into production, its difficult to say when further work will be done on the vast East Bay holdings. Further, at least two very senior representatives of major producers in the region came by the booth, and both stayed for extensive periods scanning the details associated with both the TPW plan, and the East Bay drilling plans, & results. Witnessing their seasoned interest in those projects firmed up my resolve to stick with my holdings in the Company for the foreseeable future. I can assure you both the individuals seemed very enthusiastic about their respective areas of interest.
As the day wore on, a variety of brokers, fund managers, and private investors visited the booth. Many stayed for extended periods listening to Dupont, and the other two geologists explaining the merits of the Company’s Chester Copper, & TPW GOLD resource properties. Others wanted more details about East Bay, and other of the Company’s fourteen property blocks. Needless to say, I felt it was a really great day at the show for Explor moving forward.
Lastly, the Stockhouse film crew will be coming by the booth to do a video interview with Chris Dupont, which will be featured on the Stockhouse site. I’m quite certain it will in turn up on the OTCQB website; a variety of financial websites; the Company’s website; and YouTube as well.
$EXSFF...PDAC DAY TWO...The PDAC convention floor was congested all day Monday, and from the minute the show started, the Explor Booth #2122 was very busy. The long awaited East Bay drilling results were released in the morning, and a number of people wanted more on those. The team has a newly prepared hard copy handout of the East Bay Power Point presentation which will be available on the Company’s website shortly. The title on the morning’s announcement of 4.83grams/tonne GOLD over 2.5meters certainly caught my attention. Given the evolving plan to put the Timmins Porcupine West GOLD Deposit (TPW) Central Pit area into production, its difficult to say when further work will be done on the vast East Bay holdings. Further, at least two very senior representatives of major producers in the region came by the booth, and both stayed for extensive periods scanning the details associated with both the TPW plan, and the East Bay drilling plans, & results. Witnessing their seasoned interest in those projects firmed up my resolve to stick with my holdings in the Company for the foreseeable future. I can assure you both the individuals seemed very enthusiastic about their respective areas of interest.
As the day wore on, a variety of brokers, fund managers, and private investors visited the booth. Many stayed for extended periods listening to Dupont, and the other two geologists explaining the merits of the Company’s Chester Copper, & TPW GOLD resource properties. Others wanted more details about East Bay, and other of the Company’s fourteen property blocks. Needless to say, I felt it was a really great day at the show for Explor moving forward.
Lastly, the Stockhouse film crew will be coming by the booth to do a video interview with Chris Dupont, which will be featured on the Stockhouse site. I’m quite certain it will in turn up on the OTCQB website; a variety of financial websites; the Company’s website; and YouTube as well.
$EXS...PDAC DAY TWO...The PDAC convention floor was congested all day Monday, and from the minute the show started, the Explor Booth #2122 was very busy. The long awaited East Bay drilling results were released in the morning, and a number of people wanted more on those. The team has a newly prepared hard copy handout of the East Bay Power Point presentation which will be available on the Company’s website shortly. The title on the morning’s announcement of 4.83grams/tonne GOLD over 2.5meters certainly caught my attention. Given the evolving plan to put the Timmins Porcupine West GOLD Deposit (TPW) Central Pit area into production, its difficult to say when further work will be done on the vast East Bay holdings. Further, at least two very senior representatives of major producers in the region came by the booth, and both stayed for extensive periods scanning the details associated with both the TPW plan, and the East Bay drilling plans, & results. Witnessing their seasoned interest in those projects firmed up my resolve to stick with my holdings in the Company for the foreseeable future. I can assure you both the individuals seemed very enthusiastic about their respective areas of interest.
As the day wore on, a variety of brokers, fund managers, and private investors visited the booth. Many stayed for extended periods listening to Dupont, and the other two geologists explaining the merits of the Company’s Chester Copper, & TPW GOLD resource properties. Others wanted more details about East Bay, and other of the Company’s fourteen property blocks. Needless to say, I felt it was a really great day at the show for Explor moving forward.
Lastly, the Stockhouse film crew will be coming by the booth to do a video interview with Chris Dupont, which will be featured on the Stockhouse site. I’m quite certain it will in turn up on the OTCQB website; a variety of financial websites; the Company’s website; and YouTube as well.