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Thanks Fire.... that confirms what I have heard as well... should be exciting!
McCoach told me that you should see his office.... that was one thing he said he liked about him... McCoach told me that one of the biggest red flags to him and searching out quality juniors is when he walks into a CEO's office and it is all lavish and furnished with expensive things. From what I understand, CD's office looks like a Geologists office (if you know what I mean)....
I think its a no brainer that we need to drill KC as soon as the freeze hits... I believe that there is money already set aside to do that as well. When you only have a small window to drill on a property like KC, that explorers had been trying to get their hands on for years and years, then that opportunity once a year needs to be taken advantage of. I personally think that CD is probably just as excited to take up the KC task as he is with the TPW property. The thing with Kidd creek is that CD wont have to build up ounces for years like he does at TPW.... If he hits a VMS deposit in one of the drill holes?????????........... Ill let everybody else on the board come to their own conclusion on the possibilities....
I wanted to point something out that I havent heard on the board yet regarding the B-TV episode on Explor. CD talks about what they are going to do with the property... prove up 2 to 3 million ounces and then vend it off to a major.... What i want to point out is the way that CD makes that statement. Did anybody notice how non-shalauntly he says that. He doesnt say... We HOPE that we can prove up 2-3 million ounces..... He says it like... ah,... well,.. we'll just prove up 2-3 million and then vend it off. He insinuates that its going to be easy, like its no big deal.... I think that in itself says alot. Unless something major happens against us, its basically money in the bank. Just how much money we dont know. The geological structure under the ground isnt going to change. its there, done deal.... now its just a waiting game and picking up as money shares as you can until the ounces are proven up. I know Im beating a dead horse but just wanted to point out the manner in which CD said those statements...
One thing I would like to add to that is that McCoach also says not to just take his word when investing in the companies he follows. He says to due your own due diligence. His newsletter is there just to help you along in your research.
Before people continue to let their tunnel vision get smaller and smaller... Let me point something out.
From the highs earlier this year....
Taku gold - .44 to .07 today
Hudson resources. 1.70 to .39 today
Colorado res. 1.25 to .30 today
Explor .85 to .21 today....
I could go on and on.... If this was just Explor, I would be very nervous and probably would have sold my position already. But this is not just Explor. It is the entire sector, with the exploration companies being hit the hardest. So everybody take off the tunnel vision.
Also.... Isnt it always easiest to blame someone else for your monetary losses instead of taking full responsibility for your own actions.... Usually that is consistent with someone who is pridefully and greedy.
Still here, just havent written for a long while..... I believe KC "WOULD" be a top priority, but because of the swamp that sits on top of it, they cannot drill. It would not be cost effective to drain the swamp. Its too big. As soon as the freeze occurs we will see the drills out on the ice drilling as fast as they can and for as long as they can. We just hope that the results we received and still yet to receive, from this last years drill, contain enough info to pinpoint what we are looking for.
Thats what Ive done... I stopped looking at the price and the daily action... this is the first time I've looked in over a month... It'll come.... the only thing that has me worried is the shareholder dilution... Time is running out for CD on that end... He better cowboy up and show us what he's made out of. The market wants a glory hole... I understand what CD is doing by proving it up and drilling methodically. You've got to have some luck in this business though. If the big gold is all really deep, then hit one or two holes REALLY DEEP! That'll show that the gold is there and then the rest of the drilling and proving up can be done with financings in the dollar(s) range........ save the shareholders a buttload on the dilution end...
My guess is that a lot of people over extended themselves waiting on stellar drill results. Those didn't materialize and now they are in a position where they have to take that money off the table. They need to raise funds for other priorities. IMO
We have been told somewhere between 4-6 g/t is economic grade. Who knows though.....
buffett over the last years has just become a tool for the media because the media thinks everybody will listen to him.... As for the price of gold????? who knows. All I know is that the problems causing gold and silver ot go up have yet to be delt with. DEBT..... and DERIVATIVES.... US unfunded liabilities are over 110 trillion dollars and Jim Sinclair suggests that there is over 1 Quadrillion dollars in world OTC Derivatives.....NONE OF THIS HAS EVEN BEEN DELT WITH... The world has just continued to pump paper money into the system to keep things propped for the time being. Until these two problems are taken care of (there are many others though), gold and silver will not be in any bubble buffett and all the others claim gold to be in. The gold price may drop 30% from 1500, but who knows...
I want to point out a piece of the NR that CD put in bold... It is interesting to note that the intersection in Hole #11-46 (8.12 g/tonne over 15.3 m) is 80 meters west of the mineralization in Hole #11-45 (8.05 g/tonne over 6.5 m) .... I see this and think... that is 80 meters of 8g/t and between 6.5m and 15.3 meters in width the entire 80 meters long. Assuming that the pinching and swelling stays between the 6 and 15 meter widths.... the average grad in the abitibi green belt zone i believe is only 4-6 g/t... That is a whole lot of gold right there.... also assuming that it continues more than 80 meters...
Am I reading this wrong... could someone comment on what I am looking at?
thanks
Usually when PP's are announce the share price tends to gravitate to that number. My guess is the market takes that as fair market price, if that is what the company is announcing a PP at. Of course it doesnt happen with every company, but for the most part that is what you see with PP's... Diamond drilling is some of the most expensive drilling. I dont know the exact costs associated with it, but I believe depth and hardness of rock play a part in using Diamond drills. would be nice if someone knew costs, but my guess is that its probably different for every company?... maybe even every hole? I have no idea...
Thanks Saskwatch... I was going to say that people are reading to much into this to try and see something. All that has happened is that CD wants to continue drilling 24/7. Diamond drilling is expensive, and they are running low on cash. Im sure if there are talks going on with Majors and big financiers, these will go on for a while. CD is not going to sit around and not drill while he talks back and forth to 10 different people. It could take quite a while to negotiate talks with that many firms or companies, assuming that is what is going on. And the more he can show, the more cash we shareholders are going to see. I see this PP as the most bang for our buck.... JMO
Im still trying to figure that out myself. I've heard that results are coming this week a couple different times now... I still wouldnt plan on it though. Ive heard that before way too many times. I still plan on next week unless CD tells someone this week. Even Gary has been wrong sometimes on when he thought CD was going to put out a release.
I want to clear something up... there are about 31.1 grams in a TROY ounce ( which is what we want to look at). the 28 grams that has been talked about is just a regular ole ounce... the troy ounce is where Joeiniowa got his original calculation from which is correct.
Quan, I see you must be new here... another press release talking about explors bright future?.... I would also like to add that I dont believe 11g/tonne is needed to find profitable gold. I have been told that between 4-6g/tonne is what is needed.
I want to see what this holds.....
"It is interesting to note that Hole #11-46 has intersected 50.5 meters of significant mineralization from 858.5 m to 909.0 m. The intersection is 80 meters west of the mineralization in Hole #11-45 and 100 meters down dip of the intersection in Hole #10-30. Wedges are planned to confirm the continuity of the grade and mineralization."
It was an insert in the middle of todays wealth daily email.... Also McCoach is a personal friend of mine. He is not a paid pumper and will never take anything to promote a company. I know of a company who recently took out a check book and tried to write him a huge check so that he would recommend them in the mining speculator. He would never do something like that. He did get ahead of himself last year. He had geologists and such telling him how big this could be and with Lake shore hitting right next store, he just got a little excited. I can tell you he was very embarrassed. Im not sure it bothers me at all anyway... i've had an extra year to add more shares to my portfolio.
Also, McCoach just put out his teaser but he changed some of the words... instead of "by september" he's put.... "Acting Right Now Could Triple Your Money In The Next Two To Three Weeks"...
If Explor was able to hit more high grade intercepts with some good widths, and these next releases show that... The rumors of JV's and Big Help will go on to push the stock price to new highs. Great drill results here will almost be a confirmation to the market that the rumors of JV's are most likely true. On the other hand if the results arent very good then we can assume that the market will also take the JV talk as false information. These results should cause the price to swing big one way or the other... People are either going to be disappointed or excited. Even if the results are OK, we will still see a sell off because of high hopes that have been built into the market. all IMO....
Ok... so has anybody been told when CD should expect that last hole to get back from the lab?
Why the sudden change?
whoaa... I've never seen that side of IN XS before. (Bashing a Long who was just giving some factual information). Go4it... Thanks for the post. That is something to think about. We could very well see something like that if we continue to hit high grade gold. My only thought is that the share price would never individually get to those numbers, but that the properties would ultimately be spun off and sold or JV'd. So instead of seeing a share price that high, we would actually see the returns of a share price that went that high. It would be like receiving payment in different installments as deposits are proven up and sold off.
Strong close Everybody... Looks like we may have some good stuff coming next week....
ok.. haha.. I would have laughed so hard. He's from AZ though. Hey No harm intended the other day. Just try and stay away from getting defensive and the vulgar talk. Nobody's here to have bad feelings toward anybody. Not very many people like to make public what their hand is. Too many people get burned that way.
Hey Denton... what State are you from? I ask because you sound just like a buddy of mine who only owns one stock and it happens to be exsff and he has about 29k's shares...
What would be nice is if we could get 3-4 NR's out, 1 a week for 3 or 4 weeks in a row. Imagine what that could do to a share price if we have good news on all 3 or 4 releases.
Apology- I would like to apologize to the people on this board. Today this board turned into something similar to stockhouse. Sorry for that. If it happens again it will not be because of me.
oh no.. haha... first of all, before you ever start researching a single company in this market, you should probably start reading books on geology, mineral deposits, and what makes a deposit economically feasible.... this kind of stuff. If you find that kind of stuff on a board room, let me know, I want to read that board. I've been doing this for over 3 years now and still have a lot to learn. Let me know where that Board is...
Haha... Sorry Destinator, I couldnt help but throw some random numbers out there for him...
between $4-$5 a share I will probably sell my original investment and let the rest ride...... hopefully up through "the moon"....
I dont mind sharing this. This will most likely be posted in the Gold report in the next day or so. They always are.
"Shares of EXS have been eerily quiet as of late, but our share price has remained surprisingly strong in the mid 70’s. I have no news to report, other than rumors circulating that EXS has several majors talking to them regarding TPW, and some speculation that at Kidd Creek one of our drill holes has intercepted nickel sulphides.
I don’t want to guess what this may or may not mean, until the company comes out with some official news regarding both of these rumors. At this point, it would not surprise me if they were true, but again, EXS will have to make a news release if there were anything important that could materially change the scope of our story.
It does seem like something is going on behind the scenes, but I have no further information at this point. Let’s wait and see what comes out.
I also think the market is beginning to realize that EXS is onto something at TPW. It would be nice to get more confirmation that this is the case. Personally, I remained convinced we are going to do well as the news keeps coming."
-McCoach
No need to be sorry about anything Nasty. I can completely understand where you are coming from. My point wasnt to say... that it is ok for them to not update their investors.... only that many exploration and development companies do the same thing Explor is doing in not updating investors with week to week updates. My point was to reiterate the fact that CD doesnt work like that and theres really nothing we can do to change that. So we need to be patient. Most just dont do it. They give you a relations guy, like Gary, you can call to get updated about little things here and there. So the point you made about Explor and their PR's is a valid statement and concern, especially for people who are new to this. It can be very frustrating. If you continue to invest in the Junior Miners you'll start to get used to it. My suggestion would be to call Gary to get updates from him. He'll tell you what he can.
Sorry Nasty for rubbing you the wrong way. I am anything but a plant of the companies. Go4it, firebag, know me as tymel on the private board. They can vouch that i dont work for the company. As for my 10 cent average, you are actually off by about 70 cents. we are sitting at my average right now. I have bought at 30 cents all the way up to a 1.03... I can also tell you that that "pumper" you are talking about was buying shares between 90cents and a dollar as well. His average isnt as low as everybody thinks. Nasty I dont know if you strictly invest in the global resource market or not, but Explor has had at least 7 news releases this year . Most junior mining companies in the industry arent even close to having released 7 news releases.... Ely Gold, Orko Silver, Tinka, Taku, Ethos, etc..... I could go on for days. the most any one of those companies have released in way of news is 3 or 4 this year. Most junior mining companies dont have much to release because exploration is a very time consuming thing. Again, I appreciate your opinion. I know others on this board probably feel the way you do, but as for me being a plant.. haha... and a 10 cent average is only something i could wish for....
One, two weeks, is nothing.... only gives me more time to get more funds into explor.
FACTS-(more than this but dont want to spend much time writing)
- 2nd rig on the ice on Kidd Creek with maybe only time to drill 2 holes with it....
- Holl.-Mac. model confirmed and continues to be confirmed with higher wider grades with 2000 meters of strike length (open at depth and strike)
- Many Big Wigs hanging out around the Explor booth at the PDAC.
- 2 Rigs on TWP and drilling constantly from reports.
RUMORS-
- hit something at Kidd Creek... reasoning---CD wouldnt waste money with another rig for maybe only one hole depending on how the ice holds up...
- JV in the works--- I believe this stems from the PDAC and the people seen talking with Explor there. (from what i heard about the PDAC... was not able to attend)
- Another good hit at TWP- I have no idea where this one comes from other than its been said.
- CD is looking at a JV because he wants to get 4 rigs out there drilling into TWP. He has found where the beast was hiding.
If all of the rumors above are false, then some of the facts just dont make sense to me, knowing what I know about how CD works... (2nd rig on Kidd... Urgency to drill TWP as fast as possible... etc.....)...
so If only 1 of the 4 rumors above comes to fruition, then I would expect to see some good stock appreciation... If all 4 of the rumors come to fruition, then i believe shareholders are sitting on a rocket... This could be a "once in a generation investment"... The company is set up in such a way that they can spin off properties left and right. Holding Explor is like holding 6 or 7 different companies all in one stock.... it was ingenious!
Gary has already said that he wont know when results are released until the day of. Im am sure he gets frustrated with investors asking him that all the time. He also said the Destor Results have been put on the slow track.... CD is the only one who knows when he plans on releasing any results, because he is the one who has to write up the report. There are still results from TWP in the lab, and will be the entire year if they continue to drill drill drill and not stop. My guess is that he doesnt have to release any results until he wants to because he can always say that hes waiting for the rest of the results to get back from the lab... Things are moving along just fine here. Dont get frustrated. Who knows, we may just have to wait til May before we see another release about TPW results, or hopefully something about a JV (Rumor). We just dont know. Im going to guess though that anything from Kidd Creek will not be until May or June. CD can care less about keeping investors up to date on minute to minute issues because he understands what they have there in Explor, and hes very busy with more important things. Its those companies who are constantly trying to reassure their investors that you need to worry about. So everybody sit back and be patient. You will never see Go4it, Firebag, bywisdom, and a few others, complain about what the company is doing to update their investors on a weekly basis. They, as I, did their DD and have been shareholders for a very very long time.
haha... wouldnt that be nice if everything came together like that. Just think of all the people sitting on the sidelines who would be swearing at themselves if there was a trading halt... lol
agreed.... all this info we have been receiving is the reason why i have sold all my other holdings and put them into EXS... worth the risk for myself. The upside potential in the short term here is better than any company I am following at this time (Of course the Long Term as well).
I do have to agree that this board is way better than the board over at stockhouse. I rarely even check the public board over there, only the private. Go4IT, really do appreciate the contacts you have. I bought another block of shares today. I would have put in a low ball order last night to see if we would have another drop this morning (and we did)..... oh well. I wasnt able to do it. Im in hawaii right now and the wife and i had to evacuate and hit the high country because of the tsunami... Its good it wasnt like what they were thinking it was going to be. I had a contact in the navy who was out on the water about two to three hours before the wave was to hit and they said the water was already looking really bad, and thought it might be a big one. The first Island the wave hit (drake) it was only about 2 ft high and then the next island (midway) it hit with an 8 foot wave. Mind you this wave they said was coming at over 600 mph... so we thought here in hawaii it was going to be a good one, but nothing here was damaged badly. Just some fish thrown up onto some parking lots... and the wave hit and was only 2-4 ft at the highest in some places....