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I find it odd that this board has to spend a couple days discussing "why?!" about this Chester property purchase, that it spends weeks discussing ideas as to why the NI 43-101 is a no show.
Is it not the role of someone at EXS to keep shareholders sufficiently informed that they understand and have confidence and trust in the path the company is taking ? Should we really have to ask for some disclosure/insight?
As things are, the Chester property acquisition can easily appear as a result from a gambling addiction, at least as much as anything else, as there is no info to explain the value proposition for EXS shareholders but there is the endless rolling of the drill dice at TPW.
Bundle up Labrador, New Brunswick, Newfoundland, maybe any eastern Quebec properties and spin off at Explor Atlantic (or whatever) with a 5 to 1, or perhaps someday 50 to 1 rollback.
Maybe CD signed up on the Yukon property
Yukon property ? Over my head there Red.
All time highs - now that would be nice, and deserved, particularly if production results through the year continue to show the water issues are engineered under control
And you are correct, EXN has been holding up fairly well, staying alive in the slaughterhouse so to speak. Make one wonder where pps would be now as it was just really gaining momentum after its annual production update when the markets went so bearish.
I have only seen positives since the illegal blockade was ended by the local community's intervention. And I can barely wait for further news on the drill program to locate the mineralization source(s).
Write me down as content to wait EXN out
Some clarity from EXS about the NI 43-101 might go a long way.
I have often seen off-topic info included as a trailing paragraph pinned to the end of another NR. I think that is how EXS announced the resignation of Malim.
As I understand things, drill results from the start of July through the end of December 2012 should already be in for the work on the June 2013 update. I wish EXS would just make a statement in an NR as to why the December 2012 update is delayed and expectation for release of the one after this delayed one and what added (X additional drill holes mostly targeted to infill resource upgrade conversion, or whatever is the case).
IMO just being frank and informative could have a positive influence on the market's perception of the current delay.
In looking into prior ownership you didn't see mention of this being in a marsh by the bay or something that would help explain why it has been a limbo property for so many years post Fist Narrows ?
It is concerning that there was no work commitment, and no mention of none being required. Did the property change hands for a mere $60,000/year over 3 year, plus some shares (which we know CD seems to think are free money to issue as he chooses).
Thanks for digging up the info on the property.
Thx for passing that info along PB
So the banksters' and governments' campaign of attitude modification, of moving money out of precious metals appears to continue. At the same time high net worth is moving to physical ownership, seeing a global expansion in vault space construction and distribution ongoing.
85 billion / month x 12 = 1.02 trillion / year
With a decline in interest (until the next crisis) by the more traditional "shun gold" crowd of yore resuming in their old ways we would only be back to the old, unappreciated and undervalued with adjustment inevitable.
But with much wider acceptance of the meaning of "fiat" also now ingrained into a segment of that "shun gold" crowd, and continued debasement perhaps this time, if there is a major return to "I could care less" about precious metals, the "inevitable" may not prove to fall on the longer side of what can be a very long time.
Central banks building holdings, major private money building holdings, fiat daily loosing "value", . . .
The only questions during the wait for inevitable should things go this way for the time being is at what level the precious metals are cheap, and will platinum regain its 2:1 ratio to gold valuation.
Perhaps so. This got on my watch some time back but I have not taken a position in the current general market conditions.
Done with words here, let me touch something!
I don't understand FB time. I saw the "dismal" post two days ago, but I just brought up FB and it says posted 21 hours ago.
Is that because "soon", and "any day now", and "in the coming days" (or "weeks") has something of a unique, special meaning to Wanderport?
Good, we are now waiting for the schedule of events?
Yes, agreed on both . . . I have been awaiting the financials to get updated, and when I saw the FB post I thought it the oddest communication I had ever seen from a company . . . then thought, given the grammar slip "may seems" perhaps also instead of dismal, abysmal was intended, as surely the remains of Wanderport is rapidly sinking into the abyss.
Did I miss a line item for cash from sales of produced metals in the filed financial statements somehow/somewhere ?
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=100003
On FB:
Wanderport Corporation
about an hour ago
Although all may seems dismal, we are making progress. We will update with a schedule of events upon completion.
Yes, saw that bounce below 8 this morning. Bottom in ? This was a deep drop in pps for PVG.
That is quite the early start.
Good sign the insiders putting up a million !
two months late is two too many months late
a contract not being filled on time by days or week, commmon
I have heard both that the report was sent back and that it just has not been produced . . . who knows?
Wanderport with a market cap of $0.6 billion USD market cap, as a one trick pony . . . what in the world is the thought behind that ?
and mine might be the best reason is to boost the pps so those long might start feeling better
There was to be updates every six months, the late December, then the June
Link for that PB? Went to website, did not find. TIA
I thought we still did not know if enough freezing had happened to get the ice road done and the rig out onto the ice yet
"I really feel that there is a severe developmental problem that is beyond Robert's ability to solve."
Good line Z, I think you are correct, something about the laws of physics. I do not doubt he has heated water with magnetron(s). It sounds like his approach to getting multiple working happily together may have some kinks to yet work out. But in the end, the thing will not be a household scale, consumer product, if it gets that far.
It is sad to see all the old posters on this board drift off as it has been quite a long run here, but it is looking like that is the way of the future. Your closing observation is very telling.
Just remember Timmins overnight lows above -20 C through March 10 forecast
http://www.theweathernetwork.com/fourteenday/caon0692
Good to get the hopes of about finally drilling KC, but don't forget it has been "warm"
Forget appropirate response. It never has happened and they will not start now.
With end of month and entry into the March anticipates April metals buying it is today a coin flip to me, although there is definite pressure depressing, it is just that it could lighten, lift, or reverse at the touch of a button. In the Ag 30's my watch point thresholds have been 32.4 and 33.4, in the 20's 28.8, 27.8 falling through then there is jeopardy of 23.4 with some braking resistance around 25.4. It just seems those have repeatedly been points where the motion hangs up, as currently with 28.8.
I would be more surprised to see it move up than down, expecting a push lower before April but it has appeared that forcing it lower has been a hard sell (must have been costing "someone" a bundle.
Interesting observation on the Corrales property.
AGM - March 11, 2013 at 10:00 am, (Vancouver time)
AMY Annual General Meeting Information Circular as of February 4, 2013
Notice of Annual General Meeting of Shareholders - February 4, 2013
http://www.americanmanganeseinc.com/investor-info/amy-annual-general-meeting
I wonder if financial filings will be up-to-date in time?
On that exampled buyout, there is some value-add from being known as the largest undeveloped primary silver deposit known. When PAAS surprised many by not making an offer and giving up its 70% stake the ORKO shares had been trading up where (and above with higher silver spot) these two buy-out have come in.
I thought with the now done exploration, the ORKO property, once into production as an open pit operation was scoped to produce a couple miillion ounces silver annually for at least 50 years. AUN has that sort of resource?
That stuff said, with the expansions in La Negra from exploration this year, and if the gold news continues and shows scale, with Shaffer getting its act together, both as to production rate and the local dynamics, then AUN is well position. AUN whatever the total resource would have everything that makes for a good take-over candidate except for being distressed, which AUN will not be.
Oh Wanderport, how disappointing.
Here we thought you were going to shake the world and introduce the wonder heater based on previously unknown physical principles.
Now we see you cannot even manage to hide under a rock well.
and I of adding at these lows
but where is Ag going to end up (near-term) in this controlled market?
Red, You are correct that the plan has been to dividend out all of the sale price to shareholders. In the last conference call I asked twice, in two slightly different ways, just to make sure I was hearing correctly and Explor would retain none of the sale price in treasury in order to have a leg-up on its next project. But the response was consistent, Explor would not retain some of the sale money.
So, would you really keep EXS because of its property portfolio? It would be virtually broke, or rather floating from one financing to the next, and already at a large O/S issuance, while trying to get a showing underway on one of the remaining properties?
Dateline yesterday, sometime 2015 - Toronto
Today, Sprott Ethical Extraction, wholly owned subsidiary of Sportt Resource Management, is pleased to announce it has acquired at liquidation auction of a package of exploration properties in the Timmins area once held and explored by Explor Resources. The major reason for this acquisition is to expand the land area adjacent to the Thunder Creek and Timmmins West mine complex which Sprott Ethical Extraction acquired last year in its stream conversion amalgamation of Lakeshore.
Plans are underway to extend a 1.2 kilometer haulage from the 1400 meter level to provide access to deeper levels on the former Explor Resources property where drilling had indicated gradually increasing vein swarm density with depth. To guide engineering design for the haulage and drill turnout locations, downhole geophysics will be conducted over the next 6 weeks for inclusion in modelling already underway based on the data and core archive acquired as part of the purchase.
Way to much BS manipulation to project anything with the PMs.
If this, and others, are still falling knife is tough imo question.
Although I am a little unclear what all the remaining properties hold in value, I know our CEO has done me well before and is probably ducking the new (electic/infrastructure) uncertainties in the Yukon for a good reason, and I also see that the current market cap is not too far above cash in the treasury (pretty rare in today's junior explorers). All and all, could be a value proposition (looking to acquire?) if it stops raining knives.
JMO
200 on GLD, the ETF, not gold spot !
Similarly, I will be content if I miss the bottom. I may regret not yet having added to my position here, even though at today's close I am 0.75% in the red with BRD. I have cautiously added to others where I think recovery is likely to be faster, and I am still very cautious as the signals I am seeing in Au/Ag shows a significant chance of either direction from here near-term.
Hi D, Perhaps I could have worded the Vegas comment differently then.
Redinvest had asked, about those buying in the placement,
does anyone believe that the group that just invested 1.6 M USD into Explor, would have done so without some intel on Kidd's Creek or something else very compelling ??
It is a very big gamble if done with no info in their DD making them a true believer. As a gamble they would have been better off with dice at Vegas where they would become life-time comp-kings for it.
Of course they saw something to believe their EXS play would yield for them.
You see, successful people see the potential where others do not.
I think the misfiring did show up during Robert's own testing, which resulted in the "testing protocol" getting rewritten (with delay) to the form where it uses different manually configured magnetron setups.
Sizable little bump for news of work on the contested claims, or is this just some recovery from the excessive pessimism that has been about lately?
Thx Str8, and as you know, even what I sketched is simplistic.
For all here let me say that yes of course I feel that there is a lot of potential in TPW. In fact my gut tells me that somewhere down there still hiding there is probably some very rich, high if not bonanza grade, veining that is not so narrow and few and far between, that maybe could be followed back as they thicken and join up toward source.
Regrettably that does not mean I think we will find this, only that if it is there then there is a chance we stumble upon it with these tiny little peek-holes (drill cores).
My recent posts were just a reaction to D's reply to me about the chances of there being the pot at the end of this rainbow, saying
When you have $2.5 billion worth of gold inferred or indicated in just a small part of a porphyry that is 4.5 to 5.0 times the size of a similar porphyry that produced 30 million ounces of gold (or $48 billion in today's gold price) just 14 km away, I don't see any odds in Vegas coming close to the odds offerred up by Explor Resources TPW Bristol porphyry.
So, 5 times the size. Just what 5 times is that? 5 times the volume?, 5 times the perimeter?, 5 times the width?, 5 times the length?
Why does that have anything to do with the expectations for the amount of mineral deposition to be found in the contact zone, which deposition is apparently dependent on the amount of flowing fluids for how long during the time when the temperature and chemistry was favorable for in solution transport of gold? 5 times has dubious meaning at best. Yes it could be indicative of a larger emplacement of mineralization but it could just as easily be indicative of 5 times the blockage of the ability for fluid channels to exist and allow the types and/or locations of flows needed for mineralization, meaning 5 times less likelihood of massive gold emplacement.
Google on Pearl Lake and you will find numerous geological studies, including ones about the geologically later dyking.
Sorry D, but saying 5 times therefor 5 times the gold is just simplistic.
The amount of gold available to concentration by fluid transport is dependent on the volume of the gold bearing host material from which the gold was leached. Given the association at TPW south limb mineralization with the ultramafic contacts (which same I did not see mentioned as existing on the north btw) it is very possible that the porphyry only provided the heat and the leaching of the gold into solution was from the ultramafic intrusive. In that case the size of the porphyry would only be indicative of the duration over which the heat was available.
It is all in the complete context D. It is not a simpleminded 5 times well then 5 times the gold is likely. If the better parts of what gold is seen on the south did in fact leach out of the ultramafics that are not yet indicated in the PRs to exist on the north, then why would one expect much on the north?