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EAT THE 1'S!!!!
WE WANT 2'SSSSSSSSSSSSS
go usog!!
buying time!!
Go usog!
Don't sell!!!
2 sorry...
STUPID SELLERS!! PFF
DON'T SELL!!
DON'T SELL!!
IT'S STUPID!!
ASK 0,0032
BID 0,0030
ASK 0,0031
40's - 50's this week!!
GO GO
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Symbol Price Change
EXS.V 0.72 +0.03
Press Release Source: Explor Resources Inc. On Monday February 21, 2011, 12:35 pm EST
ROUYN-NORANDA, CANADA--(Marketwire - Feb. 21, 2011) - Explor Resources Inc. (the "Company") (TSX VENTURE:EXS - News) is pleased to announce that it has closed a non-brokered private placement for a total amount of CDN$200,000.
The placement consists of:
400 000 common shares at a price of $0.50 per share and each share is accompanied of one common share purchase warrant. Each whole warrant allows the subscriber to purchase one (1) common share of the Company at a price of $0.70 per share for a period of 24 months, expiring on February 21, 2013.
The securities issued pursuant to the Private Placement are subject to a hold period of four months and a day from the date of closing. This placement is subject to the final approval of the TSX Venture Exchange.
This Press Release, required by applicable Canadian laws, is not for distribution to U.S. News Services or for dissemination in the United States and does not constitute an offer of the securities described herein. These securities have not been registered under the United States Securities Act of 1933, as amended, or any state Securities Laws, and may not be offered or sold in the United States or to U.S. Persons unless registered or exempt therefrom.
Explor Resources Inc. is a publicly listed company trading on the TSX Venture Exchange (EXS).
This press release was prepared by Explor Resources Inc. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Tuesday, February 22, 2011...
Whisper Stocks
Ted Melcher
info@MarketDigestOnline.com
850-502-2025
www.MarketDigestOnline.com
Market Digest Online
EXPLOR RESOURCES: (EXS.V) C$.72 Up C$.03 & (EXSFF) $.73 Up $.03.... The parts of the puzzle are starting to come together for Explor Resources. Chris Dupont has been methodically drilling away to prove what is known as the Hollinger McIntyre Model. And so far with every drill hole, Chris Dupont is proving the model, and the assays released last Thursday most assuredly - not only caught the attention of investors, but also major gold companies. Let us once again take a look at the Hollinger McIntyre Model.....
To understand what we are dealing with, one must understand the Hollinger-McIntyre-Coniaurum (HMC) model, the model that EXS is using at TPW. First of all, the objective has been to confirm the model. The first Feb/March holes were designed to intersect and confirm the existence of the mineralized structure at or below 400 meters of vertical depth. So what was achieved after the first 10,000 meter round was confirmation that the structure continues for over 900 meters of strike length at a vertical depth from 400 to 600 meters. It also confirmed the target was open along strike and at depth. This was followed in April by a 20,000 meter drilling program to test and intersect the mineralized structure of the "A" zone at a vertical depth from 800 to 1000 meters. What the early drilling was able to confirm, which is significant, was the association of gold mineralization with Quartz feldspar (QFP) and syenite porphyry found at both the Lakeshore and West Timmins properties. Hence we have the right host rock environment for a major discovery and we conform to the Model.
What most people don''t understand is that with the HMC-model, we''re not looking for a drill core of let''s say 80 meters, this is not the Mcintyre model. The Model is stringers of gold. Mcintyre mine, they only had 250,000 ounces probable but the model and ore body was there so they knew the gold was there, They went underground with only 250,000 ounces probable 11 million ounces later well you know !!! The Model''s still intact at Bristol. Gold in every drill core, 1800 meters of strike length, with a porphory 5-6 times the size of LSG''s. The heat engine could definitely be on EXS property, but with all Exploration properties we shall see. Methodical being drilled up as it needs to be.
Secondly, the HMC System produced over 30 million ounces between 1910 and 1976 from a porphyry system smaller than that being explored at TPW. The porphyry that resides on the TPW property is a monster and while it will take time and money to drill those tightly-spaced holes plus the wedges, at some point the economic widths and grade will begin to aggregate to a resource number. Once the existence of an ore block is confirmed (further to that already drilled out), the correlation to Lakeshore''s Rusk Porphyry will be easier to analyze. The TPW porphyry is immensely larger than the Rusk and at the point where they can grab just one big intercept, the HMC Model will be recognizable and an immediate upward revaluation will occur - not MIGHT occur - it WILL occur.
With a junior exploration company such as Explor, it is usually never the intent to take a discovery into production. The junior makes the discovery, starts to prove up the discovery and then sells it off to the highest bidder. I''ve talked about it before but in my early years of investing, I was an investor in a company similar to Explore, but with Explore the stakes are much, much larger. The company was CONTINENTAL GOLD. I started buying stock in the pennies and after the discovery of a few million ounces of gold, Continental Gold was sold to a major for $14 a share. Back then the price of an ounce of gold was no where near what it is today. Also, the discovery was a few million ounces versus with Explor 20 to 30 million ounces. While the stock will continue to fluctuate, much of the risk of investment has been taken out with our press release of last Thursday. Your upside is what you think a major would pay for a 10-30 million ounce deposit and the gamble is how long it will take a major to believe that those ounces ARE there. I am told that majors are already circling the wagon and as each additional drill hole continues to improve, we could see a bidding war like none other. And as it relates to how much a major will pay, all we can do is look at some recent history.
Take a look at VENTANA GOLD (VEN.TO - C$12.99) listed on the Toronto Stock Exchange. Explore and Ventana have roughly the same number of shares outstanding. Ventana has an inferred resoursce of 3.5 Million gold equivalent ounces and last week Ventana Gold accepted a buyout offer from Brazilian billionaire Eike Batista for $13.06 a share for all the Ventana shares he does not already own. The deal values the Canadian miner at C$1.5 billion. This is not pie in the sky MDO subscribers. These are recent buyout facts! Do the math. If Explor is successful in proving up a resource five times the size of Ventana''s, what kind of buyout price are we looking at for Explor? That''s why I have said, it is difficult to comprehend just how big this could be, and most investors really do not have a clue as to the size of this monster. And unlike Ventana, Explore has Kidd Creek and some other Gold and Nickel potential at other Canadian sites. The only thing Explore is missing right now is access to more drill rigs and a tab on their website called Projects. With this latest success, we do have a second drill rig on site, but rest assured, with a large investment by a joint venture partner, multiple drill rigs will suddenly appear
To add icing to our cake, with drilling just beginning at Kidd Creek, many believe the potential is high for the discovery of a massive sulphide deposit. If investors had a clue as to what is going on here - if investors had any idea of the magnitude of this unfolding story, Explor Resources would not be priced at .73 cents!! The stock is still insanely cheap considering what we are dealing with and I firmly believe that future financings anywhere below the 52-week high of $1.62 are wishful thinking.
Here''s what Greg McCoach had to say to his subscribers in his Sunday update.....
The assays released this past Thursday from drilling at Timmins Porcupine West (TPW) definitely got the attention of the market and for good reason. While these results are not a glory hole per se, they do confirm in my opinion that we now have a legitimate high grade gold discovery at TPW. EXS will now add a second drill rig to more aggressively follow these high grade veins as we move in 50 meter increments towards the west and quickly build ounces. This is a significant development as the risk of exploration failure has been greatly reduced and the market will now place its bets on the potential size of this resource.
In the next few days and weeks, big financial players will be getting the heads up on this situation and begin to take positions. These players typically don''t buy exploration stories until there has been a significant discovery, but these results show that more ounces are coming and things could start to happen very quickly. The key now will be to follow up as soon as possible with the next round of assays and show the market that we can continue to bring these kinds of results or better. If and when EXS can show this, our share price will be a multiple higher in a heartbeat!
I became involved with Explor Resources because the company wanted to hunt for elephant deposits and I believed CEO Chris Dupont was the kind of guy that could successfully make that happen for us. As an investor of junior mining stocks, I like to put my money on situations where if things work out, there is going to be a very big payday. Projects like Kidd Creek (high grade base metals) and TPW (high grade gold) have the potential for huge exploration success which could immediately attract the majors for a buyout and make investors a ton of money. And in my opinion, after these latest results at Timmins Porcupine West, I believe we just got a VERY BIG CLUE that our payday may soon be at hand!
And here''s the email I received from Andrew Malim last Thursday after Explor''s press release.....
I will write my next report after the PDAC in March. Chris and I will have time to discuss various aspects of the property development at TPW you just can''t do from distance. Summary of immediate conclusions below: 1. We are moving from being an explorer to a developer. This is a significant step change. It means that the market will now place its bets on the size of the proven orebody at TPW, and no longer shorts and longs arguing about if there is an orebody there at all. Certainly, anybody shorting the stock from now on better have deep pockets.
2. Developers become of interest to major mining companies. The discovery is made therefore the risk of failure and embarrassment reduces. The discovery at TPW, which is now what it is, has a number of key drivers, not least of which is the magnificent precedent set by previous producers since 1914. There are records of the style of mineralization (McIntyre Porcupine), grades, profitability etc. Its all there. Chris Dupont is doing what they did all those years ago, but at a deeper level, down thrown by the Mattagami River Fault. The history of the Hollinger Mine for example is: sink a shaft, drive cross-cuts, sample the backs, identify a multiplicity of development headings relating to stopes of varying grades. Some of these stopes will be bonanza grade. I became involved with Explor because I believed that Chris would find another Hollinger. I still believe he will, but probably bigger.
3. Institutions will buy this story. There is still a 10 X upside on the table or more, with the prospect of a buy-out by a major.
4. Size. There is an emerging block model in terms of tonnes.Reserves are hard to calculate because the nature of the orebody is discontinuous. Stacked veins that pinch and swell. To some extent you mine what you find. But it kept miners happy and rich for 80 years at Timmins where they mined over 100 million ounces at a time when the gold price was a fraction of today''s. Anyway - I still say 15-20 million ounces of reserves is a realistic target.
5. Of course the stock should be much higher than this price. $200m at least.
6. There is a regional play developing here. A major buying EXS/TPW + Lakeshore. I happen to think that the EXS ground is better than Lakeshore''s.
7. Need Institutional support + major financing and attack the TPW. As I said before, we now know where the beast lives. 8. Finally: And we haven''t mentioned any of the other prospects such as Kidd Creek which is being drilled right now. All best Andrew
BOTTOM LINE FROM MDO: Our strategy with Explor Resources remains the same. The stock is a strong buy, particularly on weakness. Investors, Institutions and Major Gold Companies have had a long weekend to mull over the recent assay success. This stock will not stay below $1.00 much longer. We all witnessed a buying frenzy in this stock last March that drove the share price to a high of $1.62 on several million shares each trading session. The buying frenzy last March was based on rumors and hype. We now have facts to deal with and do not be surprised to see another buying frenzy this time based on what investors feel is the true buyout potential.
Sluit scherm
DOUBLE WITHIN FEW MONTHS!!
SOON 1$! 2$!!!
NICE BID!!
GO GO
NEXT WEEK ,30'S!!
GO GO
WOW!
GO EXSFF!!
GO USOG!!
,30'S NEXT WEEK!!!
WOW, HUGE VOLUME!! PFF
WALL TO BIG AT ,27
PFF
done!
why sell at ,27????
HOLD THIS STOCK!!
GO USOG!!
DON'T SELL!!
Stupid boys!!
BINGO!!!!
UBELIEVABLE!!
SELLING AT ,24!!
STUPID!!
WOW NEWS!
GO QEDN
BIG DUMP!!
ready for big dump!!
pff
Finished here?
GO SNRS WOW
,0003 at the end of the week would be nice!!
SOLD!!!
THIS WEEK : BOEM!!!
,4? ,5?????
BIG NEWS!!!
WATCH SNRS!!!