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$EXS..PDAC DAY ONE.. The Prospectors’ & Developers’ Association of Canada (PDAC) kicked off in Toronto this morning. Four senior representatives of the Company were in attendance at Booth #2122 throughout the day. Intensely busy at times, there was rarely a moment when all four were not addressing questions about the Timmins Porcupine West (TPW) project; the drilling north of the Glencore Kidd mine; and not surprisingly, the excellent drill results at the Chester Copper Deposit in New Brunswick. Early on, two senior representatives of Teck Resources dropped by the booth unannounced, and had a lengthy discussion with Chris Dupont. From what I could see, it appeared to be a very friendly exchange amongst the three of them, and I would think, a precursor to a drilling campaign in the later planning stages? A surprising number of private investors visited the booth throughout the day. Those with a position left with a new confidence, and I expect many may add to their holdings. Investors new to the company were impressed with Explor’s property portfolio; the advanced nature of both the TPW, and the Chester deposit; and startled the stock has been in the CDN .08-.09 range. I’m optimistic that some of those folks may be buyers at tomorrow’s open.
Notably, a representative of our German investment group spent a good hour going over the Chester copper deposit with the geologist spearheading that exploration program, and then, discussed additional financing with Dupont. The German media group that’s worked with EXS/EXSFF/E1H1 for some time now was by to arrange a video interview with Chris somewhere during the next couple of days. That, in turn, will update investors through the website, the OTCQB listing page, YouTube, & other social media. Further, an agreement will be finalized with an Australian group which should dramatically enhance Explor’s ‘footprint’ in the Asian wholesale & retail investor market. Being somewhat familiar with the group, as a shareholder, I’m especially excited about that development.
Further, I saw detailed maps, drawings, & schematics for both the PG-101 & the Duparquet (East Bay) properties, prepared by geophysics firms over the past few months. Some very interesting anomalies, & some excellent drill targets have been pinpointed by the experts. Planning of drilling programs will commence on the heals of the PDAC. Besides Chris Dupont, I personally had discussions with two of the company’s other Directors who were both very upbeat about GOLD, and Copper, and the company’s future, during their respective visits to the booth. A number of people made various inquiries about Joint Venturing, ‘Earning-In’, and/or Property Purchase Agreements during the day. Lastly, I think its important to mention that the vast majority of attendees believe that GOLD, Copper, & other precious metals will do very well as 2017 unfolds. More to come…
$E1H1..PDAC..PIVOTAL EVENT?? I am heading to the PDAC, and will be reporting developments as they occur, rather than doing one report next Monday. I’m hearing a number of meetings have already been set up with important services, and facilities that could ultimately influence the stock here in Canada, in the US, and around the world. A new video corporate presentation will also enhance the website, the company’s OTCQB listing page, as well as YouTube, Twitter & other social media. Also of importance, I’m hearing a plan is being developed for a strategic attack on the Chinese mainland wholesale, and retail market, with translation to the local language(s). Once all that is achieved, any concerns we share about price, or volume could disappear very quickly. Add to all that the usual buying enthusiasm just before, during, and after the PDAC, & I’m confident we will see considerably higher prices in the very near future. Any further upward moves in GOLD, or copper should further influence EXS/EXSFF to the upside as well. http://www.pdac.ca/convention/exhibit-presentation-opportunities/trade-show. I invite all readers to pop by Explor’s booth #2122 March 5th through the 9th.
Rather than organizing a video teleconference, Dupont will meet with Teck officials at the PDAC. As the Platinum sponsor of the event, many of Teck’s most senior staff will be present, and available for face to face discussions about the best way to enhance the value of the Timmins Porcupine West (TPW) GOLD deposit through strategic drilling activity later this spring. More on that as it occurs.
The drilling north of the Kidd Mine has achieved a depth of 1,400meters (4,600ft). Some interesting samples have been sent to the lab. Further samples will be shipped once on site core processing is completed. Other than hearing we found some exhalite, I’m unable to get anything further. It almost feels like a gag order is in place, which I always find intriguing. Did the company encounter copper, or zinc at depth? Timmins is a small town. We should know soon enough if the elephant is in the room.
If you’ve been following my postings, you may recall my comments in regards to trace elements at the Chester copper deposit. Samples were sent to a lab in Toronto, for analysis of a variety of elements, including Gallium, Indium, & Cobalt. That report will be integrated into the forthcoming final News Release, which will delay that release until sometime next week, hopefully within the PDAC timeframe.
$EXSFF..PDAC...PIVOTAL EVENT?? I am heading to the PDAC, and will be reporting developments as they occur, rather than doing one report next Monday. I’m hearing a number of meetings have already been set up with important services, and facilities that could ultimately influence the stock here in Canada, in the US, and around the world. A new video corporate presentation will also enhance the website, the company’s OTCQB listing page, as well as YouTube, Twitter & other social media. Also of importance, I’m hearing a plan is being developed for a strategic attack on the Chinese mainland wholesale, and retail market, with translation to the local language(s). Once all that is achieved, any concerns we share about price, or volume could disappear very quickly. Add to all that the usual buying enthusiasm just before, during, and after the PDAC, & I’m confident we will see considerably higher prices in the very near future. Any further upward moves in GOLD, or copper should further influence EXS/EXSFF to the upside as well. http://www.pdac.ca/convention/exhibit-presentation-opportunities/trade-show. I invite all readers to pop by Explor’s booth #2122 March 5th through the 9th.
Rather than organizing a video teleconference, Dupont will meet with Teck officials at the PDAC. As the Platinum sponsor of the event, many of Teck’s most senior staff will be present, and available for face to face discussions about the best way to enhance the value of the Timmins Porcupine West (TPW) GOLD deposit through strategic drilling activity later this spring. More on that as it occurs.
The drilling north of the Kidd Mine has achieved a depth of 1,400meters (4,600ft). Some interesting samples have been sent to the lab. Further samples will be shipped once on site core processing is completed. Other than hearing we found some exhalite, I’m unable to get anything further. It almost feels like a gag order is in place, which I always find intriguing. Did the company encounter copper, or zinc at depth? Timmins is a small town. We should know soon enough if the elephant is in the room.
If you’ve been following my postings, you may recall my comments in regards to trace elements at the Chester copper deposit. Samples were sent to a lab in Toronto, for analysis of a variety of elements, including Gallium, Indium, & Cobalt. That report will be integrated into the forthcoming final News Release, which will delay that release until sometime next week, hopefully within the PDAC timeframe.
$EXS..PDAC..PIVOTAL EVENT?? I am heading to the PDAC, and will be reporting developments as they occur, rather than doing one report next Monday. I’m hearing a number of meetings have already been set up with important services, and facilities that could ultimately influence the stock here in Canada, in the US, and around the world. A new video corporate presentation will also enhance the website, the company’s OTCQB listing page, as well as YouTube, Twitter & other social media. Also of importance, I’m hearing a plan is being developed for a strategic attack on the Chinese mainland wholesale, and retail market, with translation to the local language(s). Once all that is achieved, any concerns we share about price, or volume could disappear very quickly. Add to all that the usual buying enthusiasm just before, during, and after the PDAC, & I’m confident we will see considerably higher prices in the very near future. Any further upward moves in GOLD, or copper should further influence EXS/EXSFF to the upside as well. http://www.pdac.ca/convention/exhibit-presentation-opportunities/trade-show. I invite all readers to pop by Explor’s booth #2122 March 5th through the 9th.
Rather than organizing a video teleconference, Dupont will meet with Teck officials at the PDAC. As the Platinum sponsor of the event, many of Teck’s most senior staff will be present, and available for face to face discussions about the best way to enhance the value of the Timmins Porcupine West (TPW) GOLD deposit through strategic drilling activity later this spring. More on that as it occurs.
The drilling north of the Kidd Mine has achieved a depth of 1,400meters (4,600ft). Some interesting samples have been sent to the lab. Further samples will be shipped once on site core processing is completed. Other than hearing we found some exhalite, I’m unable to get anything further. It almost feels like a gag order is in place, which I always find intriguing. Did the company encounter copper, or zinc at depth? Timmins is a small town. We should know soon enough if the elephant is in the room.
If you’ve been following my postings, you may recall my comments in regards to trace elements at the Chester copper deposit. Samples were sent to a lab in Toronto, for analysis of a variety of elements, including Gallium, Indium, & Cobalt. That report will be integrated into the forthcoming final News Release, which will delay that release until sometime next week, hopefully within the PDAC timeframe.
$E1H1...PDAC.. With the PDAC just two weeks away, Chris Dupont has been travelling, in part organizing new interest in the Explor investment. Today he is having meetings in Montreal, and elsewhere over the next few days, but would not reveal the rest of his itinerary. I do remember the stock did quite well around the time of this annual event, over the last two years. The Prospectors’ and Developers’ Association of Canada (PDAC) is the largest mining exposition in the world, hosted at the Convention Center in Toronto, March 5-8. Explor has successfully participated in the event for many years now. Chris always assembles a truly dedicated, and professional crew to constantly man a very busy booth #2122. With both precious & base minerals values on the rise, my expectation is the PDAC will be hosting record attendees.
We’ve seen some good progress with the drilling north of the Kidd Mine. Despite various difficulties, the crew have achieved a depth of roughly 1,150meters (about 3,500feet). My sources have indicated we have drilled through some exhalate intermittently, and that’s exciting, but continue downward through mafic & ultramafic layers, with the intended target in the 1,300 to 1,400meter strata zone. I’m optimistic that with problems kept to a minimum, we could achieve that depth later this week. Hitting exhalate is the single best indicator that we are close to a VMS deposit.
I am hoping to see the final numbers for the Chester drilling sometime this week. As I’ve expressed previously, I’ve heard some good things about the core, and am anxious to read the official news when it comes out. The rumor suggests the results could easily expand the size & scope of the deposit. The Senior Geo in charge of that is a stickler for detail, but I’m hearing he’s close to turning everything over to the Company. With Copper trading up over the past few weeks, currently at US$2.73/lb, the deposit at Chester is looking more & more attractive.
I’m hearing drilling will take place at both the PG-101, and the East Bay property block during 2017. To my knowledge, a final date & time for the Teck video teleconference has not been established as yet, but the minute I know, you’ll know.
$EXSFF...PDAC.. With the PDAC just two weeks away, Chris Dupont has been travelling, in part organizing new interest in the Explor investment. Today he is having meetings in Montreal, and elsewhere over the next few days, but would not reveal the rest of his itinerary. I do remember the stock did quite well around the time of this annual event, over the last two years. The Prospectors’ and Developers’ Association of Canada (PDAC) is the largest mining exposition in the world, hosted at the Convention Center in Toronto, March 5-8. Explor has successfully participated in the event for many years now. Chris always assembles a truly dedicated, and professional crew to constantly man a very busy booth #2122. With both precious & base minerals values on the rise, my expectation is the PDAC will be hosting record attendees.
We’ve seen some good progress with the drilling north of the Kidd Mine. Despite various difficulties, the crew have achieved a depth of roughly 1,150meters (about 3,500feet). My sources have indicated we have drilled through some exhalate intermittently, and that’s exciting, but continue downward through mafic & ultramafic layers, with the intended target in the 1,300 to 1,400meter strata zone. I’m optimistic that with problems kept to a minimum, we could achieve that depth later this week. Hitting exhalate is the single best indicator that we are close to a VMS deposit.
I am hoping to see the final numbers for the Chester drilling sometime this week. As I’ve expressed previously, I’ve heard some good things about the core, and am anxious to read the official news when it comes out. The rumor suggests the results could easily expand the size & scope of the deposit. The Senior Geo in charge of that is a stickler for detail, but I’m hearing he’s close to turning everything over to the Company. With Copper trading up over the past few weeks, currently at US$2.73/lb, the deposit at Chester is looking more & more attractive.
I’m hearing drilling will take place at both the PG-101, and the East Bay property block during 2017. To my knowledge, a final date & time for the Teck video teleconference has not been established as yet, but the minute I know, you’ll know.
$EXS...PDAC... With the PDAC just two weeks away, Chris Dupont has been travelling, in part organizing new interest in the Explor investment. Today he is having meetings in Montreal, and elsewhere over the next few days, but would not reveal the rest of his itinerary. I do remember the stock did quite well around the time of this annual event, over the last two years. The Prospectors’ and Developers’ Association of Canada (PDAC) is the largest mining exposition in the world, hosted at the Convention Center in Toronto, March 5-8. Explor has successfully participated in the event for many years now. Chris always assembles a truly dedicated, and professional crew to constantly man a very busy booth #2122. With both precious & base minerals values on the rise, my expectation is the PDAC will be hosting record attendees.
We’ve seen some good progress with the drilling north of the Kidd Mine. Despite various difficulties, the crew have achieved a depth of roughly 1,150meters (about 3,500feet). My sources have indicated we have drilled through some exhalate intermittently, and that’s exciting, but continue downward through mafic & ultramafic layers, with the intended target in the 1,300 to 1,400meter strata zone. I’m optimistic that with problems kept to a minimum, we could achieve that depth later this week. Hitting exhalate is the single best indicator that we are close to a VMS deposit.
I am hoping to see the final numbers for the Chester drilling sometime this week. As I’ve expressed previously, I’ve heard some good things about the core, and am anxious to read the official news when it comes out. The rumor suggests the results could easily expand the size & scope of the deposit. The Senior Geo in charge of that is a stickler for detail, but I’m hearing he’s close to turning everything over to the Company. With Copper trading up over the past few weeks, currently at US$2.73/lb, the deposit at Chester is looking more & more attractive.
I’m hearing drilling will take place at both the PG-101, and the East Bay property block during 2017. To my knowledge, a final date & time for the Teck video teleconference has not been established as yet, but the minute I know, you’ll know.
Hey CDLGOLD....Last I heard, they were targeting the 1,100-1,300meter neighbourhood, hoping to find the exhalite sooner, with any luck! That will give the drillers the key to the VMS below...
$E1H1...FYI... Last week highlighted a growing variety of commentary on the future (value) of the USD, growing belief in a market ‘correction’, and a bright future for GOLD & silver. Further, a slowdown in South American supply, and proposed infrastructure spending, has copper in the $2.80/lb range. All of that sets up well for growing interest in EXS/EXSFF/E1H1, currently researching a variety of avenues to shine a big light on the Company’s assets, and intentions moving forward. In regards to the TPW, Teck has yet to provide a date & time to do the video teleconference with the Company. I’m hoping for some time before the end of the month.
With the price of Copper steadily climbing, that is shifting more attention on the Chester deposit in New Brunswick. The NB government requires an annual report on the property that is taking time to produce. The geologist in charge of the project has had to focus on that to maintain ‘good standing’. Once that’s completed, the remaining drill results interpretation, and subsequent News Releases will be published. I’ve been hearing good things about some of the upcoming results, but, as with all drilling campaigns, we had some unimpressive holes as well. All in all though, I think the program at Chester exceeded expectations, and is certainly worthy of additional drilling to further delineate the deposit. Obviously, any significant information would lead to a 43-101 upgrade.
Feb, 2017 Brien Lundin, Goldnewsletter.com, “It may be hard to imagine with the Dow finally breaking through 20,000 and gold slipping in recent trading sessions, but the stock bull market is very long in the tooth and greatly over-extended. The smart money is worried, and a correction is inevitable. Whatever factor precipitates the fall in stocks, you can bet that it will also send investors rushing to the safety of GOLD.”
Feb. 12, 2017 Avi Gilburt, Seeking Alpha, “When I take all the evidence into account, it seems to be pointing to the upcoming week being quite important for this complex (GOLD & silver). The set-up is in place for a powerful move higher in the short term. And, since we are not able to tell you whether the market will take advantage of this set up, we certainly can point to the evidence that suggests that all the ingredients are in place for such a strong rally to take hold.”
Feb. 13, 2017 Macro Analytics, Seeking Alpha, “We'll get speeches from five regional Fed Presidents and Janet Yellen's semiannual monetary policy report to congress. Next week's monetary policy speeches and economic data could provide the catalyst to realign market perceptions with either a more hawkish Fed, or the possibility of a weak and/or stagflationary economic environment. Either of these developments will likely result in major movements in the U.S. Dollar.”
Issues with water, drill bits, and the like north of the Glencore Kidd mine, have slowed progress on the first of two, or three drill holes the company may be drilling. My most recent information puts them at just under 1,000meters of depth. They continue to drill through mafics, and ultra mafics, boxing the core as they go. We continue to hope the exhalite will appear with each turn of the drill, and the VMS below that. Slow but steady down we go.
I’ve been led to understand drilling intentions at PG-101 are a function of finalizing some agreements, a process that is underway. Further, geophysics have been completed at East Bay, and a report should be in CD’s hands within 2-3 weeks. At that point, drill targets can be established, and an exploration program developed.
$EXSFF...FYI... Last week highlighted a growing variety of commentary on the future (value) of the USD, growing belief in a market ‘correction’, and a bright future for GOLD & silver. Further, a slowdown in South American supply, and proposed infrastructure spending, has copper in the $2.80/lb range. All of that sets up well for growing interest in EXS/EXSFF/E1H1, currently researching a variety of avenues to shine a big light on the Company’s assets, and intentions moving forward. In regards to the TPW, Teck has yet to provide a date & time to do the video teleconference with the Company. I’m hoping for some time before the end of the month.
With the price of Copper steadily climbing, that is shifting more attention on the Chester deposit in New Brunswick. The NB government requires an annual report on the property that is taking time to produce. The geologist in charge of the project has had to focus on that to maintain ‘good standing’. Once that’s completed, the remaining drill results interpretation, and subsequent News Releases will be published. I’ve been hearing good things about some of the upcoming results, but, as with all drilling campaigns, we had some unimpressive holes as well. All in all though, I think the program at Chester exceeded expectations, and is certainly worthy of additional drilling to further delineate the deposit. Obviously, any significant information would lead to a 43-101 upgrade.
Feb, 2017 Brien Lundin, Goldnewsletter.com, “It may be hard to imagine with the Dow finally breaking through 20,000 and gold slipping in recent trading sessions, but the stock bull market is very long in the tooth and greatly over-extended. The smart money is worried, and a correction is inevitable. Whatever factor precipitates the fall in stocks, you can bet that it will also send investors rushing to the safety of GOLD.”
Feb. 12, 2017 Avi Gilburt, Seeking Alpha, “When I take all the evidence into account, it seems to be pointing to the upcoming week being quite important for this complex (GOLD & silver). The set-up is in place for a powerful move higher in the short term. And, since we are not able to tell you whether the market will take advantage of this set up, we certainly can point to the evidence that suggests that all the ingredients are in place for such a strong rally to take hold.”
Feb. 13, 2017 Macro Analytics, Seeking Alpha, “We'll get speeches from five regional Fed Presidents and Janet Yellen's semiannual monetary policy report to congress. Next week's monetary policy speeches and economic data could provide the catalyst to realign market perceptions with either a more hawkish Fed, or the possibility of a weak and/or stagflationary economic environment. Either of these developments will likely result in major movements in the U.S. Dollar.”
Issues with water, drill bits, and the like north of the Glencore Kidd mine, have slowed progress on the first of two, or three drill holes the company may be drilling. My most recent information puts them at just under 1,000meters of depth. They continue to drill through mafics, and ultra mafics, boxing the core as they go. We continue to hope the exhalite will appear with each turn of the drill, and the VMS below that. Slow but steady down we go.
I’ve been led to understand drilling intentions at PG-101 are a function of finalizing some agreements, a process that is underway. Further, geophysics have been completed at East Bay, and a report should be in CD’s hands within 2-3 weeks. At that point, drill targets can be established, and an exploration program developed.
$EXS...FYI... Last week highlighted a growing variety of commentary on the future (value) of the USD, growing belief in a market ‘correction’, and a bright future for GOLD & silver. Further, a slowdown in South American supply, and proposed infrastructure spending, has copper in the $2.80/lb range. All of that sets up well for growing interest in EXS/EXSFF/E1H1, currently researching a variety of avenues to shine a big light on the Company’s assets, and intentions moving forward. In regards to the TPW, Teck has yet to provide a date & time to do the video teleconference with the Company. I’m hoping for some time before the end of the month.
With the price of Copper steadily climbing, that is shifting more attention on the Chester deposit in New Brunswick. The NB government requires an annual report on the property that is taking time to produce. The geologist in charge of the project has had to focus on that to maintain ‘good standing’. Once that’s completed, the remaining drill results interpretation, and subsequent News Releases will be published. I’ve been hearing good things about some of the upcoming results, but, as with all drilling campaigns, we had some unimpressive holes as well. All in all though, I think the program at Chester exceeded expectations, and is certainly worthy of additional drilling to further delineate the deposit. Obviously, any significant information would lead to a 43-101 upgrade.
Feb, 2017 Brien Lundin, Goldnewsletter.com, “It may be hard to imagine with the Dow finally breaking through 20,000 and gold slipping in recent trading sessions, but the stock bull market is very long in the tooth and greatly over-extended. The smart money is worried, and a correction is inevitable. Whatever factor precipitates the fall in stocks, you can bet that it will also send investors rushing to the safety of GOLD.”
Feb. 12, 2017 Avi Gilburt, Seeking Alpha, “When I take all the evidence into account, it seems to be pointing to the upcoming week being quite important for this complex (GOLD & silver). The set-up is in place for a powerful move higher in the short term. And, since we are not able to tell you whether the market will take advantage of this set up, we certainly can point to the evidence that suggests that all the ingredients are in place for such a strong rally to take hold.”
Feb. 13, 2017 Macro Analytics, Seeking Alpha, “We'll get speeches from five regional Fed Presidents and Janet Yellen's semiannual monetary policy report to congress. Next week's monetary policy speeches and economic data could provide the catalyst to realign market perceptions with either a more hawkish Fed, or the possibility of a weak and/or stagflationary economic environment. Either of these developments will likely result in major movements in the U.S. Dollar.”
Issues with water, drill bits, and the like north of the Glencore Kidd mine, have slowed progress on the first of two, or three drill holes the company may be drilling. My most recent information puts them at just under 1,000meters of depth. They continue to drill through mafics, and ultra mafics, boxing the core as they go. We continue to hope the exhalite will appear with each turn of the drill, and the VMS below that. Slow but steady down we go.
I’ve been led to understand drilling intentions at PG-101 are a function of finalizing some agreements, a process that is underway. Further, geophysics have been completed at East Bay, and a report should be in CD’s hands within 2-3 weeks. At that point, drill targets can be established, and an exploration program developed.
$E1H1 GOLDEN FUTURE? Demand on possessing Physical GOLD is growing. My perception of a variety of geopolitical factors breeding investor fear in the Sovereign and Corporate Bond markets, the ‘overbought’ Major Equities Markets, and diminishing trust in the US dollar suggests mounting strength in GOLD’s value. We are seeing some of those investors turning to GOLD, and GOLD based equities. A major GOLD BULL market appears to be on the horizon? The boys at Teck are seeing & reading the same stuff we are, so I’m thinking developments at the Company’s Timmins Porcupine West GOLD deposit will come sooner, rather than later?
Seeking Alpha, Jan31, 2017, The latest GOLD import and export figures into and out of Switzerland both showed huge increases in December with exports to China a particularly notable 158tonnes compared with a rather small 30.6tonnes in the previous month. GOLD flows into the Chinese mainland from Hong Kong also picked up in December.
Daily Reckoning, Byron King, Feb2, 2017, Right now, almost all of China’s retail, investor-driven demand for GOLD is met by the Shanghai Gold Exchange. Established in 2002, the SGE is wholly owned by the Chinese government. In recent years, the organization has become the largest facility in the world for bullion sales and trading, with money and metal passing through a network of 55 vaults.
Its estimated in 2016, the SGE moved over 2,000 tonnes of GOLD into Chinese investors’ hands. It’s a mix of new production GOLD, and imports of GOLD from western inventories. All this demand and sale, even though recent GOLD price premiums on the SGE have been as high as 25% above the global-posted spot price. This reflects the physical scarcity within Chinese GOLD trading channels.
The SGE has over 10million customers, and it’s just a beginning. As China continues to try to combat its economic, political and social issues, we must confront the idea that the SGE could become the source for explosive growth in customer numbers, and GOLD demand, in the years to come. And, I might add, this is only ONE area of growing demand around the world!
Kitco News, February 3, Next week, with little economic data to be released, analysts agreed that GOLD will focus on geopolitical uncertainty, which doesn’t appear to be abating any time soon. Not only will geopolitics support the precious metals complex, but the threat of an imminent Federal Reserve rate hike has now disappeared. The author stated “Wage growth shows that inflation isn’t a major concern right now and that means the Fed has no ammunition for a March rate hike.”
Kitco, Wagner, Feb3, The increasing ‘uncertainty factor’ has put dynamic pressure on the US dollar, which closed dramatically lower last week. Now for the fifth consecutive week we have seen the US dollar under pressure, moving to new weekly lows. The combination of uncertainty and a weak US dollar are the necessary ingredients to fuel a bullish rally in GOLD and maintain increased momentum.
CNN Money, During the last five trading days, volume in put options has lagged volume in call options by 33.17% (a ratio of 3Calls to 2Puts) as investors make bullish bets in their portfolios. However, this is still among the highest levels of put buying seen during the last two years, indicating fear on the part of investors.
Slow & steady, the drill continues to turn north of the Glencore Kidd mine. The latest information I have is from last night. A depth of 790meters (2,592ft.) has been achieved so far. The understanding I have is we are continuing to see Ultra Mafics as we continue our descent towards an interesting anomaly detected during the Down Hole Infrared Polarization testing done last December. Hopes are we will hit Exhalite, and, in turn, the VMS deposit Dupont is convinced is down there.
The geologist that spearheaded the drilling at the Chester property is meticulously combing through the core lab results to present his conclusions moving forward at this Copper Deposit. Based on what little I’ve been able to find out, it appears reasonable that the strike line could be extended, substantially increasing the size of this resource. I’m sure further Press Releases may speak to that. Geophysics at the Company’s PG-101 property are complete, and a drill program is intended, although not officially in the planning stage at this time. East Bay geophysics are ongoing, and I do not have a target date for completion, although CD is pushing hard to get their report ASAP, as he intends to drill later this spring.
$EXSFF GOLDEN FUTURE? Demand on possessing Physical GOLD is growing. My perception of a variety of geopolitical factors breeding investor fear in the Sovereign and Corporate Bond markets, the ‘overbought’ Major Equities Markets, and diminishing trust in the US dollar suggests mounting strength in GOLD’s value. We are seeing some of those investors turning to GOLD, and GOLD based equities. A major GOLD BULL market appears to be on the horizon? The boys at Teck are seeing & reading the same stuff we are, so I’m thinking developments at the Company’s Timmins Porcupine West GOLD deposit will come sooner, rather than later?
Seeking Alpha, Jan31, 2017, The latest GOLD import and export figures into and out of Switzerland both showed huge increases in December with exports to China a particularly notable 158tonnes compared with a rather small 30.6tonnes in the previous month. GOLD flows into the Chinese mainland from Hong Kong also picked up in December.
Daily Reckoning, Byron King, Feb2, 2017, Right now, almost all of China’s retail, investor-driven demand for GOLD is met by the Shanghai Gold Exchange. Established in 2002, the SGE is wholly owned by the Chinese government. In recent years, the organization has become the largest facility in the world for bullion sales and trading, with money and metal passing through a network of 55 vaults.
Its estimated in 2016, the SGE moved over 2,000 tonnes of GOLD into Chinese investors’ hands. It’s a mix of new production GOLD, and imports of GOLD from western inventories. All this demand and sale, even though recent GOLD price premiums on the SGE have been as high as 25% above the global-posted spot price. This reflects the physical scarcity within Chinese GOLD trading channels.
The SGE has over 10million customers, and it’s just a beginning. As China continues to try to combat its economic, political and social issues, we must confront the idea that the SGE could become the source for explosive growth in customer numbers, and GOLD demand, in the years to come. And, I might add, this is only ONE area of growing demand around the world!
Kitco News, February 3, Next week, with little economic data to be released, analysts agreed that GOLD will focus on geopolitical uncertainty, which doesn’t appear to be abating any time soon. Not only will geopolitics support the precious metals complex, but the threat of an imminent Federal Reserve rate hike has now disappeared. The author stated “Wage growth shows that inflation isn’t a major concern right now and that means the Fed has no ammunition for a March rate hike.”
Kitco, Wagner, Feb3, The increasing ‘uncertainty factor’ has put dynamic pressure on the US dollar, which closed dramatically lower last week. Now for the fifth consecutive week we have seen the US dollar under pressure, moving to new weekly lows. The combination of uncertainty and a weak US dollar are the necessary ingredients to fuel a bullish rally in GOLD and maintain increased momentum.
CNN Money, During the last five trading days, volume in put options has lagged volume in call options by 33.17% (a ratio of 3Calls to 2Puts) as investors make bullish bets in their portfolios. However, this is still among the highest levels of put buying seen during the last two years, indicating fear on the part of investors.
Slow & steady, the drill continues to turn north of the Glencore Kidd mine. The latest information I have is from last night. A depth of 790meters (2,592ft.) has been achieved so far. The understanding I have is we are continuing to see Ultra Mafics as we continue our descent towards an interesting anomaly detected during the Down Hole Infrared Polarization testing done last December. Hopes are we will hit Exhalite, and, in turn, the VMS deposit Dupont is convinced is down there.
The geologist that spearheaded the drilling at the Chester property is meticulously combing through the core lab results to present his conclusions moving forward at this Copper Deposit. Based on what little I’ve been able to find out, it appears reasonable that the strike line could be extended, substantially increasing the size of this resource. I’m sure further Press Releases may speak to that. Geophysics at the Company’s PG-101 property are complete, and a drill program is intended, although not officially in the planning stage at this time. East Bay geophysics are ongoing, and I do not have a target date for completion, although CD is pushing hard to get their report ASAP, as he intends to drill later this spring.
$EXS GOLDEN FUTURE? Demand on possessing Physical GOLD is growing. My perception of a variety of geopolitical factors breeding investor fear in the Sovereign and Corporate Bond markets, the ‘overbought’ Major Equities Markets, and diminishing trust in the US dollar suggests mounting strength in GOLD’s value. We are seeing some of those investors turning to GOLD, and GOLD based equities. A major GOLD BULL market appears to be on the horizon? The boys at Teck are seeing & reading the same stuff we are, so I’m thinking developments at the Company’s Timmins Porcupine West GOLD deposit will come sooner, rather than later?
Seeking Alpha, Jan31, 2017, The latest GOLD import and export figures into and out of Switzerland both showed huge increases in December with exports to China a particularly notable 158tonnes compared with a rather small 30.6tonnes in the previous month. GOLD flows into the Chinese mainland from Hong Kong also picked up in December.
Daily Reckoning, Byron King, Feb2, 2017, Right now, almost all of China’s retail, investor-driven demand for GOLD is met by the Shanghai Gold Exchange. Established in 2002, the SGE is wholly owned by the Chinese government. In recent years, the organization has become the largest facility in the world for bullion sales and trading, with money and metal passing through a network of 55 vaults.
Its estimated in 2016, the SGE moved over 2,000 tonnes of GOLD into Chinese investors’ hands. It’s a mix of new production GOLD, and imports of GOLD from western inventories. All this demand and sale, even though recent GOLD price premiums on the SGE have been as high as 25% above the global-posted spot price. This reflects the physical scarcity within Chinese GOLD trading channels.
The SGE has over 10million customers, and it’s just a beginning. As China continues to try to combat its economic, political and social issues, we must confront the idea that the SGE could become the source for explosive growth in customer numbers, and GOLD demand, in the years to come. And, I might add, this is only ONE area of growing demand around the world!
Kitco News, February 3, Next week, with little economic data to be released, analysts agreed that GOLD will focus on geopolitical uncertainty, which doesn’t appear to be abating any time soon. Not only will geopolitics support the precious metals complex, but the threat of an imminent Federal Reserve rate hike has now disappeared. The author stated “Wage growth shows that inflation isn’t a major concern right now and that means the Fed has no ammunition for a March rate hike.”
Kitco, Wagner, Feb3, The increasing ‘uncertainty factor’ has put dynamic pressure on the US dollar, which closed dramatically lower last week. Now for the fifth consecutive week we have seen the US dollar under pressure, moving to new weekly lows. The combination of uncertainty and a weak US dollar are the necessary ingredients to fuel a bullish rally in GOLD and maintain increased momentum.
CNN Money, During the last five trading days, volume in put options has lagged volume in call options by 33.17% (a ratio of 3Calls to 2Puts) as investors make bullish bets in their portfolios. However, this is still among the highest levels of put buying seen during the last two years, indicating fear on the part of investors.
Slow & steady, the drill continues to turn north of the Glencore Kidd mine. The latest information I have is from last night. A depth of 790meters (2,592ft.) has been achieved so far. The understanding I have is we are continuing to see Ultra Mafics as we continue our descent towards an interesting anomaly detected during the Down Hole Infrared Polarization testing done last December. Hopes are we will hit Exhalite, and, in turn, the VMS deposit Dupont is convinced is down there.
The geologist that spearheaded the drilling at the Chester property is meticulously combing through the core lab results to present his conclusions moving forward at this Copper Deposit. Based on what little I’ve been able to find out, it appears reasonable that the strike line could be extended, substantially increasing the size of this resource. I’m sure further Press Releases may speak to that. Geophysics at the Company’s PG-101 property are complete, and a drill program is intended, although not officially in the planning stage at this time. East Bay geophysics are ongoing, and I do not have a target date for completion, although CD is pushing hard to get their report ASAP, as he intends to drill later this spring.
$E1H1...MARKET UNCERTAINTY... Year of the Rooster! Chinese markets will remain closed for most of the week as Lunar New Year celebrations kick off for much of Asia. Asian markets will reopen on Friday.
"This is not about religion." The rapid-fire barrage of Executive Orders coming out of the Trump White House is unprecedented. I have been following US politics since the Kennedy election campaign in 1959, and can say with absolute certainty, I have never seen anything like this! Unlike 99% of politicians worldwide, Trump is actually attempting to fulfill every promise he made during his campaign, albeit, with little concern about potential consequences, as witnessed dramatically over the weekend. Today’s market activity in the US may reflect a new nervousness, instead of confidence, in the stability of those markets, and the USD?? Adding to (today’s) pressure on markets, data on Friday showed U.S. economic growth slowed more than expected in Q4, with GDP rising at a (disappointing) 1.9% annual rate.
Kitco News, Jim Wyckoff, Jan30, “The world marketplace is still a bit nervous regarding actions the new U.S. president has taken or may take. This uncertainty and any related world stock market weakness is at least a mildly bullish element for the safe-haven GOLD market.”
Seeking Alpha, Andrew Hecht, Jan30, “Fear and uncertainty is still a major theme in markets across all asset classes. We have witnessed dramatic political changes in the world over recent months that will reshape the economics of the world. Currency volatility has increased, the dollar broke out to the upside rising to the highest level since 2002 only to come back down and fall below the technical breakout level. Elections in Europe could change the face of the continent and threaten the very future of the European Union in 2017. There are many uncertainties on the horizon that could create a feeding frenzy for GOLD. Moreover, it is starting to look like inflation will rear its ugly head and nothing can ignite the yellow metal like an inflationary spike.
Given the back-drop of some of these current comments, GOLD miners should be quite enthusiastic about future earnings potential, and the need to accelerate exploration. Tahoe announced a continueing aggressive drilling plan on the Gap144 property, which sits on the same structure as Explor’s TPW. The last I heard, they are moving eastward, within a couple of hundred meters of TPW’s western border. The incentive for Teck to enhance the known value of the Timmins Porcupine West GOLD deposit is exemplified with each turn of a Tahoe drill. Given the infrastructure of the Tahoe operations, within a stone’s throw of the TPW, they are the only logical buyer of the TPW. Further, until the day that Teck has spent $8million (they’ve spent $3million), the TPW remains 100% an asset of EXS/EXSFF. Teck would be insane NOT to spend $5million on drilling to earn their initial 55% outright, given the present deposit modelling suggests 30million plus ounces of GOLD. Their process might be slow, but meticulous, and thorough. Initial indications were a $2-$4million drill campaign. I’ve heard nothing to suggest otherwise, although the video teleconference with Dupont is still pending.
Have you ever played a slot machine, hit the button a bunch of times, lost your money, and your patience, uttered something awful and moved to another machine? Then, looked back to see the next guy hit the jackpot on the slot machine you just gave up on? Murray Pezim drilled 79 holes before he found Hemlo! Dupont has drilled 5 holes at Kidd. Its rumoured the recent geophysics north of the Kidd Mine detected something very interesting at the 600-700meter level. The drill is currently at the 440meter level. Given minimal problems, we should achieve that depth in a matter of days. Thus far, we have been drilling through a thick layer of ultra mafics. I’m optomistic we will encounter exhalite at any moment, and then, hopefully, the elusive VMS. You’ve got to respect Dupont’s tenacity & determination. Those are the qualities that found the TPW.
The geologist evaluating the drill results from the Chester Deposit is meticoulously preparing his report for Dupont. I am very hopeful that some of the additional results will be as good as those reported in the last announcement, given the recent rise in Copper prices. The Company is still awaiting the trace elements report, covering Gallium, Indium, & Cobalt.
$EXSFF...MARKET UNCERTAINTY... Year of the Rooster! Chinese markets will remain closed for most of the week as Lunar New Year celebrations kick off for much of Asia. Asian markets will reopen on Friday.
"This is not about religion." The rapid-fire barrage of Executive Orders coming out of the Trump White House is unprecedented. I have been following US politics since the Kennedy election campaign in 1959, and can say with absolute certainty, I have never seen anything like this! Unlike 99% of politicians worldwide, Trump is actually attempting to fulfill every promise he made during his campaign, albeit, with little concern about potential consequences, as witnessed dramatically over the weekend. Today’s market activity in the US may reflect a new nervousness, instead of confidence, in the stability of those markets, and the USD?? Adding to (today’s) pressure on markets, data on Friday showed U.S. economic growth slowed more than expected in Q4, with GDP rising at a (disappointing) 1.9% annual rate.
Kitco News, Jim Wyckoff, Jan30, “The world marketplace is still a bit nervous regarding actions the new U.S. president has taken or may take. This uncertainty and any related world stock market weakness is at least a mildly bullish element for the safe-haven GOLD market.”
Seeking Alpha, Andrew Hecht, Jan30, “Fear and uncertainty is still a major theme in markets across all asset classes. We have witnessed dramatic political changes in the world over recent months that will reshape the economics of the world. Currency volatility has increased, the dollar broke out to the upside rising to the highest level since 2002 only to come back down and fall below the technical breakout level. Elections in Europe could change the face of the continent and threaten the very future of the European Union in 2017. There are many uncertainties on the horizon that could create a feeding frenzy for GOLD. Moreover, it is starting to look like inflation will rear its ugly head and nothing can ignite the yellow metal like an inflationary spike.
Given the back-drop of some of these current comments, GOLD miners should be quite enthusiastic about future earnings potential, and the need to accelerate exploration. Tahoe announced a continueing aggressive drilling plan on the Gap144 property, which sits on the same structure as Explor’s TPW. The last I heard, they are moving eastward, within a couple of hundred meters of TPW’s western border. The incentive for Teck to enhance the known value of the Timmins Porcupine West GOLD deposit is exemplified with each turn of a Tahoe drill. Given the infrastructure of the Tahoe operations, within a stone’s throw of the TPW, they are the only logical buyer of the TPW. Further, until the day that Teck has spent $8million (they’ve spent $3million), the TPW remains 100% an asset of EXS/EXSFF. Teck would be insane NOT to spend $5million on drilling to earn their initial 55% outright, given the present deposit modelling suggests 30million plus ounces of GOLD. Their process might be slow, but meticulous, and thorough. Initial indications were a $2-$4million drill campaign. I’ve heard nothing to suggest otherwise, although the video teleconference with Dupont is still pending.
Have you ever played a slot machine, hit the button a bunch of times, lost your money, and your patience, uttered something awful and moved to another machine? Then, looked back to see the next guy hit the jackpot on the slot machine you just gave up on? Murray Pezim drilled 79 holes before he found Hemlo! Dupont has drilled 5 holes at Kidd. Its rumoured the recent geophysics north of the Kidd Mine detected something very interesting at the 600-700meter level. The drill is currently at the 440meter level. Given minimal problems, we should achieve that depth in a matter of days. Thus far, we have been drilling through a thick layer of ultra mafics. I’m optomistic we will encounter exhalite at any moment, and then, hopefully, the elusive VMS. You’ve got to respect Dupont’s tenacity & determination. Those are the qualities that found the TPW.
The geologist evaluating the drill results from the Chester Deposit is meticoulously preparing his report for Dupont. I am very hopeful that some of the additional results will be as good as those reported in the last announcement, given the recent rise in Copper prices. The Company is still awaiting the trace elements report, covering Gallium, Indium, & Cobalt.
$EXS...MARKET UNCERTAINTY... Year of the Rooster! Chinese markets will remain closed for most of the week as Lunar New Year celebrations kick off for much of Asia. Asian markets will reopen on Friday.
"This is not about religion." The rapid-fire barrage of Executive Orders coming out of the Trump White House is unprecedented. I have been following US politics since the Kennedy election campaign in 1959, and can say with absolute certainty, I have never seen anything like this! Unlike 99% of politicians worldwide, Trump is actually attempting to fulfill every promise he made during his campaign, albeit, with little concern about potential consequences, as witnessed dramatically over the weekend. Today’s market activity in the US may reflect a new nervousness, instead of confidence, in the stability of those markets, and the USD?? Adding to (today’s) pressure on markets, data on Friday showed U.S. economic growth slowed more than expected in Q4, with GDP rising at a (disappointing) 1.9% annual rate.
Kitco News, Jim Wyckoff, Jan30, “The world marketplace is still a bit nervous regarding actions the new U.S. president has taken or may take. This uncertainty and any related world stock market weakness is at least a mildly bullish element for the safe-haven GOLD market.”
Seeking Alpha, Andrew Hecht, Jan30, “Fear and uncertainty is still a major theme in markets across all asset classes. We have witnessed dramatic political changes in the world over recent months that will reshape the economics of the world. Currency volatility has increased, the dollar broke out to the upside rising to the highest level since 2002 only to come back down and fall below the technical breakout level. Elections in Europe could change the face of the continent and threaten the very future of the European Union in 2017. There are many uncertainties on the horizon that could create a feeding frenzy for GOLD. Moreover, it is starting to look like inflation will rear its ugly head and nothing can ignite the yellow metal like an inflationary spike.
Given the back-drop of some of these current comments, GOLD miners should be quite enthusiastic about future earnings potential, and the need to accelerate exploration. Tahoe announced a continueing aggressive drilling plan on the Gap144 property, which sits on the same structure as Explor’s TPW. The last I heard, they are moving eastward, within a couple of hundred meters of TPW’s western border. The incentive for Teck to enhance the known value of the Timmins Porcupine West GOLD deposit is exemplified with each turn of a Tahoe drill. Given the infrastructure of the Tahoe operations, within a stone’s throw of the TPW, they are the only logical buyer of the TPW. Further, until the day that Teck has spent $8million (they’ve spent $3million), the TPW remains 100% an asset of EXS/EXSFF. Teck would be insane NOT to spend $5million on drilling to earn their initial 55% outright, given the present deposit modelling suggests 30million plus ounces of GOLD. Their process might be slow, but meticulous, and thorough. Initial indications were a $2-$4million drill campaign. I’ve heard nothing to suggest otherwise, although the video teleconference with Dupont is still pending.
Have you ever played a slot machine, hit the button a bunch of times, lost your money, and your patience, uttered something awful and moved to another machine? Then, looked back to see the next guy hit the jackpot on the slot machine you just gave up on? Murray Pezim drilled 79 holes before he found Hemlo! Dupont has drilled 5 holes at Kidd. Its rumoured the recent geophysics north of the Kidd Mine detected something very interesting at the 600-700meter level. The drill is currently at the 440meter level. Given minimal problems, we should achieve that depth in a matter of days. Thus far, we have been drilling through a thick layer of ultra mafics. I’m optomistic we will encounter exhalite at any moment, and then, hopefully, the elusive VMS. You’ve got to respect Dupont’s tenacity & determination. Those are the qualities that found the TPW.
The geologist evaluating the drill results from the Chester Deposit is meticoulously preparing his report for Dupont. I am very hopeful that some of the additional results will be as good as those reported in the last announcement, given the recent rise in Copper prices. The Company is still awaiting the trace elements report, covering Gallium, Indium, & Cobalt.
$E1H1...DRILLING AT KIDD!! With far more certainty than ever before, the drill is turning at Kidd! Over this past weekend, the Company moved a deep drill rig & crew onto the property adjacent to, and north of the Glencore Kidd Mine. The new drilling is 25meters north of Hole#3 reported last year. The Down Hole IP produced a very interesting anomaly at the roughly 600meter level, which this drill is targeting at an inclination of +.75 in a southerly direction. The crew & management believe, barring any problems, 100meters will be achieved daily the next five days, and roughly 75meters daily thereafter. At that pace, we should get to the really ‘interesting’ stuff by next Monday, or Tuesday. Last summer, we encountered graphitic argillite, massive sulphides, exhalite, and some zinc, so obviously, a VMS deposit is in play. Secondly, further indications at the Chester property in New Brunswick are exciting as well, and I’m expecting a further announcement from the Company, hopefully by Friday, potentially extending the westerly horizon of the known deposit. Lastly, a formal date and time for the Teck video conference to discuss the drilling plans at the TPW has not been finalized, but most definitely on the front burner, given GOLD’s recent rise. Speaking to that,
Kitco News, Jim Wyckoff, Jan23, 2017, The world marketplace is still anticipating moves from the new Trump administration on this first full week of his U.S. presidency. Trump has promised fast action on many fronts and that has traders and investors still a bit apprehensive, which is bullish for safe-haven GOLD.
The U.S. dollar index is weaker to start the new trading week. There are some early technical clues that the dollar index has put in a market top. Prices have been trending lower for three weeks.
Seeking Alpha, Andrew Hecht, Jan23, 2017, GOLD is a barometer for fear and uncertainty on the global landscape. The dollar is the benchmark pricing mechanism for GOLD and there is an inverse relationship between the currency and the precious metal. We have seen lots of volatility in the dollar over recent weeks and it is likely that the price path of GOLD has been a result, at least in part, of that volatility.
Speaking to the US markets, I really liked this comment,
Pawoto Investments. Jan23, 2017
To be fair, I'm probably suffering from "confirmation bias" - i.e. looking for arguments to confirm my thinking - but the contrarian in me can't justify current market levels. To quote Mark Twain, "Whenever you find yourself on the side of the majority, it is time to pause and reflect." The bottom line? Risk is skewed to the downside because the market has fully priced in the good news it expects under Trump. There is an old saying on Wall Street, "Buy the rumor, Sell the news". More recently, the saying has morphed into "Buy the election, Sell the inauguration", that will prove to be the trade of 2017.
$EXSFF...DRILLING AT KIDD!! With far more certainty than ever before, the drill is turning at Kidd! Over this past weekend, the Company moved a deep drill rig & crew onto the property adjacent to, and north of the Glencore Kidd Mine. The new drilling is 25meters north of Hole#3 reported last year. The Down Hole IP produced a very interesting anomaly at the roughly 600meter level, which this drill is targeting at an inclination of +.75 in a southerly direction. The crew & management believe, barring any problems, 100meters will be achieved daily the next five days, and roughly 75meters daily thereafter. At that pace, we should get to the really ‘interesting’ stuff by next Monday, or Tuesday. Last summer, we encountered graphitic argillite, massive sulphides, exhalite, and some zinc, so obviously, a VMS deposit is in play. Secondly, further indications at the Chester property in New Brunswick are exciting as well, and I’m expecting a further announcement from the Company, hopefully by Friday, potentially extending the westerly horizon of the known deposit. Lastly, a formal date and time for the Teck video conference to discuss the drilling plans at the TPW has not been finalized, but most definitely on the front burner, given GOLD’s recent rise. Speaking to that,
Kitco News, Jim Wyckoff, Jan23, 2017, The world marketplace is still anticipating moves from the new Trump administration on this first full week of his U.S. presidency. Trump has promised fast action on many fronts and that has traders and investors still a bit apprehensive, which is bullish for safe-haven GOLD.
The U.S. dollar index is weaker to start the new trading week. There are some early technical clues that the dollar index has put in a market top. Prices have been trending lower for three weeks.
Seeking Alpha, Andrew Hecht, Jan23, 2017, GOLD is a barometer for fear and uncertainty on the global landscape. The dollar is the benchmark pricing mechanism for GOLD and there is an inverse relationship between the currency and the precious metal. We have seen lots of volatility in the dollar over recent weeks and it is likely that the price path of GOLD has been a result, at least in part, of that volatility.
Speaking to the US markets, I really liked this comment,
Pawoto Investments. Jan23, 2017
To be fair, I'm probably suffering from "confirmation bias" - i.e. looking for arguments to confirm my thinking - but the contrarian in me can't justify current market levels. To quote Mark Twain, "Whenever you find yourself on the side of the majority, it is time to pause and reflect." The bottom line? Risk is skewed to the downside because the market has fully priced in the good news it expects under Trump. There is an old saying on Wall Street, "Buy the rumor, Sell the news". More recently, the saying has morphed into "Buy the election, Sell the inauguration", that will prove to be the trade of 2017.
$EXS...DRILLING AT KIDD!! With far more certainty than ever before, the drill is turning at Kidd! Over this past weekend, the Company moved a deep drill rig & crew onto the property adjacent to, and north of the Glencore Kidd Mine. The new drilling is 25meters north of Hole#3 reported last year. The Down Hole IP produced a very interesting anomaly at the roughly 600meter level, which this drill is targeting at an inclination of +.75 in a southerly direction. The crew & management believe, barring any problems, 100meters will be achieved daily the next five days, and roughly 75meters daily thereafter. At that pace, we should get to the really ‘interesting’ stuff by next Monday, or Tuesday. Last summer, we encountered graphitic argillite, massive sulphides, exhalite, and some zinc, so obviously, a VMS deposit is in play. Secondly, further indications at the Chester property in New Brunswick are exciting as well, and I’m expecting a further announcement from the Company, hopefully by Friday, potentially extending the westerly horizon of the known deposit. Lastly, a formal date and time for the Teck video conference to discuss the drilling plans at the TPW has not been finalized, but most definitely on the front burner, given GOLD’s recent rise. Speaking to that,
Kitco News, Jim Wyckoff, Jan23, 2017, The world marketplace is still anticipating moves from the new Trump administration on this first full week of his U.S. presidency. Trump has promised fast action on many fronts and that has traders and investors still a bit apprehensive, which is bullish for safe-haven GOLD.
The U.S. dollar index is weaker to start the new trading week. There are some early technical clues that the dollar index has put in a market top. Prices have been trending lower for three weeks.
Seeking Alpha, Andrew Hecht, Jan23, 2017, GOLD is a barometer for fear and uncertainty on the global landscape. The dollar is the benchmark pricing mechanism for GOLD and there is an inverse relationship between the currency and the precious metal. We have seen lots of volatility in the dollar over recent weeks and it is likely that the price path of GOLD has been a result, at least in part, of that volatility.
Speaking to the US markets, I really liked this comment,
Pawoto Investments. Jan23, 2017
To be fair, I'm probably suffering from "confirmation bias" - i.e. looking for arguments to confirm my thinking - but the contrarian in me can't justify current market levels. To quote Mark Twain, "Whenever you find yourself on the side of the majority, it is time to pause and reflect." The bottom line? Risk is skewed to the downside because the market has fully priced in the good news it expects under Trump. There is an old saying on Wall Street, "Buy the rumor, Sell the news". More recently, the saying has morphed into "Buy the election, Sell the inauguration", that will prove to be the trade of 2017.
$E1H1...TRUMP GOOD FOR GOLD??... CD gave me a great laugh when he called Donny Trump ‘Our man in Washington!’ Our American friends are celebrating Martin Luther Day, and their markets are closed until tomorrow. For those avid readers amongst us, a variety of economic influencers will unfold through the week, topped off with Trump’s inauguration speech on Friday. Here are some notable comments from last week, and this morning:
Mr. James Dines… The Dines Letter Jan 13,2017… “my next targets are $3,000 to $5,000 an ounce. That depends on the folly of the worlds leaders but the end will be tragic. Please understand that GOLD is not rising, the value of our paper money is shrinking by oversupply – supply and demand. There's a cycle in currencies, they move up and then they move down to correct the excesses.”
Neils Christensen, Kitco News…Jan 13, 2017…”GOLD could continue to perform well in next week’s (this week’s) shorted trading week as the “Trump effect” loses momentum ahead of President-elect Donald Trump’s inauguration Friday, according to some analysts.
GOLD was driven to a seven-week high, after investors were disappointed that Trump, in his first press conference since his election win, didn’t provide any new information on his economic and fiscal proposals. GOLD is up almost 5.5% since the start of the year.
‘Trump is turning out to be GOLD’s best friend’, said Ole Hansen, head of commodity strategy at Saxo Bank. ‘We just don’t know anything about his presidency and that uncertainty is playing into GOLD’s hands.’
Darin Newsom, senior analyst at Telvent DTN, is also looking for political uncertainty to support GOLD in the near term as there are still three weeks to go before the next Federal Reserve monetary policy meeting, which is GOLD’s ultimate driver.”
Dean Popplewell, Seeking Alpha…Jan 16, 2017…GOLD prices have edged up overnight (+0.6% to trade at +$1,204.8 an ounce), supported by safe-haven demand due to uncertainty over U.S. policy ahead of President-elect Donald Trump's inauguration and amid concerns over Britain's exit from the E.U. Note: Bullion last Thursday touched a high of +$1,206.98, its best since Nov. 23. Data released on Friday indicates that Hedge funds and money managers (in the week to Jan. 10) have raised their net long position in COMEX gold contracts for the first time in nine-weeks.
Dupont is at the Company’s corporate office to host the AGM tomorrow. He is finalizing details to re-enter one, or two drill holes north of the Kidd mine. That’s mostly about interpretation of the findings & recommendations of the Down Hole IP Geophysics report received late last week. Those discussions are ongoing, but he is anxious to get the drills turning as quickly as possible.
I’m getting a sense that there’s more to the Chester Copper property story yet to unfold. The company is still waiting on lab results for six of the ten holes drilled, and we all experienced the market reaction after the NR last week. At least two of the unreported drill holes were west of those already reported by News Releases. These ‘Step-Out’ holes appear to have the potential to extend the known strike length of the mineralized zone by a significant amount. That would be huge.
With a view to drilling at the PG-101, and at East Bay this year, Dupont is pushing to handle some administrative issues, and complete Geophysics surveys. He’s also in the midst of finalizing an agenda for the upcoming video-teleconference with Teck, which should take place shortly.
$EXSFF...TRUMP GOOD FOR GOLD??... CD gave me a great laugh when he called Donny Trump ‘Our man in Washington!’ Our American friends are celebrating Martin Luther Day, and their markets are closed until tomorrow. For those avid readers amongst us, a variety of economic influencers will unfold through the week, topped off with Trump’s inauguration speech on Friday. Here are some notable comments from last week, and this morning:
Mr. James Dines… The Dines Letter Jan 13,2017… “my next targets are $3,000 to $5,000 an ounce. That depends on the folly of the worlds leaders but the end will be tragic. Please understand that GOLD is not rising, the value of our paper money is shrinking by oversupply – supply and demand. There's a cycle in currencies, they move up and then they move down to correct the excesses.”
Neils Christensen, Kitco News…Jan 13, 2017…”GOLD could continue to perform well in next week’s (this week’s) shorted trading week as the “Trump effect” loses momentum ahead of President-elect Donald Trump’s inauguration Friday, according to some analysts.
GOLD was driven to a seven-week high, after investors were disappointed that Trump, in his first press conference since his election win, didn’t provide any new information on his economic and fiscal proposals. GOLD is up almost 5.5% since the start of the year.
‘Trump is turning out to be GOLD’s best friend’, said Ole Hansen, head of commodity strategy at Saxo Bank. ‘We just don’t know anything about his presidency and that uncertainty is playing into GOLD’s hands.’
Darin Newsom, senior analyst at Telvent DTN, is also looking for political uncertainty to support GOLD in the near term as there are still three weeks to go before the next Federal Reserve monetary policy meeting, which is GOLD’s ultimate driver.”
Dean Popplewell, Seeking Alpha…Jan 16, 2017…GOLD prices have edged up overnight (+0.6% to trade at +$1,204.8 an ounce), supported by safe-haven demand due to uncertainty over U.S. policy ahead of President-elect Donald Trump's inauguration and amid concerns over Britain's exit from the E.U. Note: Bullion last Thursday touched a high of +$1,206.98, its best since Nov. 23. Data released on Friday indicates that Hedge funds and money managers (in the week to Jan. 10) have raised their net long position in COMEX gold contracts for the first time in nine-weeks.
Dupont is at the Company’s corporate office to host the AGM tomorrow. He is finalizing details to re-enter one, or two drill holes north of the Kidd mine. That’s mostly about interpretation of the findings & recommendations of the Down Hole IP Geophysics report received late last week. Those discussions are ongoing, but he is anxious to get the drills turning as quickly as possible.
I’m getting a sense that there’s more to the Chester Copper property story yet to unfold. The company is still waiting on lab results for six of the ten holes drilled, and we all experienced the market reaction after the NR last week. At least two of the unreported drill holes were west of those already reported by News Releases. These ‘Step-Out’ holes appear to have the potential to extend the known strike length of the mineralized zone by a significant amount. That would be huge.
With a view to drilling at the PG-101, and at East Bay this year, Dupont is pushing to handle some administrative issues, and complete Geophysics surveys. He’s also in the midst of finalizing an agenda for the upcoming video-teleconference with Teck, which should take place shortly.
$EXS...TRUMP GOOD FOR GOLD??... CD gave me a great laugh when he called Donny Trump ‘Our man in Washington!’ Our American friends are celebrating Martin Luther Day, and their markets are closed until tomorrow. For those avid readers amongst us, a variety of economic influencers will unfold through the week, topped off with Trump’s inauguration speech on Friday. Here are some notable comments from last week, and this morning:
Mr. James Dines… The Dines Letter Jan 13,2017… “my next targets are $3,000 to $5,000 an ounce. That depends on the folly of the worlds leaders but the end will be tragic. Please understand that GOLD is not rising, the value of our paper money is shrinking by oversupply – supply and demand. There's a cycle in currencies, they move up and then they move down to correct the excesses.”
Neils Christensen, Kitco News…Jan 13, 2017…”GOLD could continue to perform well in next week’s (this week’s) shorted trading week as the “Trump effect” loses momentum ahead of President-elect Donald Trump’s inauguration Friday, according to some analysts.
GOLD was driven to a seven-week high, after investors were disappointed that Trump, in his first press conference since his election win, didn’t provide any new information on his economic and fiscal proposals. GOLD is up almost 5.5% since the start of the year.
‘Trump is turning out to be GOLD’s best friend’, said Ole Hansen, head of commodity strategy at Saxo Bank. ‘We just don’t know anything about his presidency and that uncertainty is playing into GOLD’s hands.’
Darin Newsom, senior analyst at Telvent DTN, is also looking for political uncertainty to support GOLD in the near term as there are still three weeks to go before the next Federal Reserve monetary policy meeting, which is GOLD’s ultimate driver.”
Dean Popplewell, Seeking Alpha…Jan 16, 2017…GOLD prices have edged up overnight (+0.6% to trade at +$1,204.8 an ounce), supported by safe-haven demand due to uncertainty over U.S. policy ahead of President-elect Donald Trump's inauguration and amid concerns over Britain's exit from the E.U. Note: Bullion last Thursday touched a high of +$1,206.98, its best since Nov. 23. Data released on Friday indicates that Hedge funds and money managers (in the week to Jan. 10) have raised their net long position in COMEX gold contracts for the first time in nine-weeks.
Dupont is at the Company’s corporate office to host the AGM tomorrow. He is finalizing details to re-enter one, or two drill holes north of the Kidd mine. That’s mostly about interpretation of the findings & recommendations of the Down Hole IP Geophysics report received late last week. Those discussions are ongoing, but he is anxious to get the drills turning as quickly as possible.
I’m getting a sense that there’s more to the Chester Copper property story yet to unfold. The company is still waiting on lab results for six of the ten holes drilled, and we all experienced the market reaction after the NR last week. At least two of the unreported drill holes were west of those already reported by News Releases. These ‘Step-Out’ holes appear to have the potential to extend the known strike length of the mineralized zone by a significant amount. That would be huge.
With a view to drilling at the PG-101, and at East Bay this year, Dupont is pushing to handle some administrative issues, and complete Geophysics surveys. He’s also in the midst of finalizing an agenda for the upcoming video-teleconference with Teck, which should take place shortly.
$E1H1...AGM...All shareholders should have received AGM (Annual General Meeting) documentation by now, either directly from the Company, or by way of your broker. If you haven’t, and want to register your vote, contact your broker, or email the Company directly through the website. The actual meeting will take place 10AM January 17th, but I encourage all to vote by Friday, the 13th, to ensure your vote is included in this process. Voting is really simple. The Cover Page of the AGM package is entitled ‘Voting Instruction Form’. Halfway down the page is your personal ‘Control Number’. Go to ProxyVote.com & enter the number. That’s pretty much it.
Many of us were quite convinced that some ‘unfriendly’ forces were buying large blocks of stock, especially as we traded about 120million shares Jan 9, 2016- Jan 9, 2017, over all the trading systems for EXS/EXSFF/E1H1. So, for those of us that want to maintain continuity, its imperative we vote our stock. Regardless of the size of your position, every share counts!
Some of the factors influencing GOLD, that I’ve touched on over my past couple of postings, have been playing out, moving GOLD forward by $50/oz in the last week and a half, currently in the USD$1,182 neighbourhood. Because its my nature, I always hope upward movement will continue, given our stock price is a function of the GOLD Fix. In my opinion, I don’t see much drama in the markets until Trump officially takes office January 20th. Even then, it will take months, if not years, to even initiate some of the bold initiatives he promised moving forward. Any flip flops, or change in direction will have meaningful reactions in the markets, and if perceived to have a negative effect on the USD, GOLD will move up rapidly. Also, in my opinion, for the US economy to improve (i.e. more jobs, more profit), the USD needs to be devalued, to enhance their weak export market.
The current landscape for GOLD & precious metals exploration is tough, but hardly seems to affect Chris Dupont at all. The last I heard, he was evaluating some additional results from the Chester drilling, gradually trickling in from the assayer’s office. The lab results for the trace metals should be arriving in the next two to three weeks as well. We may see two or three News Releases before the dust settles on that. Secondly, the Down Hole IP report for the Kidd drill hole re-entry wedging and inclination remains in limbo, awaiting some final approvals prior to release to CD. Final budget approvals are underway at Teck, so our discussions with them appear imminent. That would be great if they decide on a major drilling program at the TPW. Other than that, geophysics are continuing on various Company properties…
$EXSFF...AGM... All shareholders should have received AGM (Annual General Meeting) documentation by now, either directly from the Company, or by way of your broker. If you haven’t, and want to register your vote, contact your broker, or email the Company directly through the website. The actual meeting will take place 10AM January 17th, but I encourage all to vote by Friday, the 13th, to ensure your vote is included in this process. Voting is really simple. The Cover Page of the AGM package is entitled ‘Voting Instruction Form’. Halfway down the page is your personal ‘Control Number’. Go to ProxyVote.com & enter the number. That’s pretty much it.
Many of us were quite convinced that some ‘unfriendly’ forces were buying large blocks of stock, especially as we traded about 120million shares Jan 9, 2016- Jan 9, 2017, over all the trading systems for EXS/EXSFF/E1H1. So, for those of us that want to maintain continuity, its imperative we vote our stock. Regardless of the size of your position, every share counts!
Some of the factors influencing GOLD, that I’ve touched on over my past couple of postings, have been playing out, moving GOLD forward by $50/oz in the last week and a half, currently in the USD$1,182 neighbourhood. Because its my nature, I always hope upward movement will continue, given our stock price is a function of the GOLD Fix. In my opinion, I don’t see much drama in the markets until Trump officially takes office January 20th. Even then, it will take months, if not years, to even initiate some of the bold initiatives he promised moving forward. Any flip flops, or change in direction will have meaningful reactions in the markets, and if perceived to have a negative effect on the USD, GOLD will move up rapidly. Also, in my opinion, for the US economy to improve (i.e. more jobs, more profit), the USD needs to be devalued, to enhance their weak export market.
The current landscape for GOLD & precious metals exploration is tough, but hardly seems to affect Chris Dupont at all. The last I heard, he was evaluating some additional results from the Chester drilling, gradually trickling in from the assayer’s office. The lab results for the trace metals should be arriving in the next two to three weeks as well. We may see two or three News Releases before the dust settles on that. Secondly, the Down Hole IP report for the Kidd drill hole re-entry wedging and inclination remains in limbo, awaiting some final approvals prior to release to CD. Final budget approvals are underway at Teck, so our discussions with them appear imminent. That would be great if they decide on a major drilling program at the TPW. Other than that, geophysics are continuing on various Company properties…
$EXS...AGM... All shareholders should have received AGM (Annual General Meeting) documentation by now, either directly from the Company, or by way of your broker. If you haven’t, and want to register your vote, contact your broker, or email the Company directly through the website. The actual meeting will take place 10AM January 17th, but I encourage all to vote by Friday, the 13th, to ensure your vote is included in this process. Voting is really simple. The Cover Page of the AGM package is entitled ‘Voting Instruction Form’. Halfway down the page is your personal ‘Control Number’. Go to ProxyVote.com & enter the number. That’s pretty much it.
Many of us were quite convinced that some ‘unfriendly’ forces were buying large blocks of stock, especially as we traded about 120million shares Jan 9, 2016- Jan 9, 2017, over all the trading systems for EXS/EXSFF/E1H1. So, for those of us that want to maintain continuity, its imperative we vote our stock. Regardless of the size of your position, every share counts!
Some of the factors influencing GOLD, that I’ve touched on over my past couple of postings, have been playing out, moving GOLD forward by $50/oz in the last week and a half, currently in the USD$1,182 neighbourhood. Because its my nature, I always hope upward movement will continue, given our stock price is a function of the GOLD Fix. In my opinion, I don’t see much drama in the markets until Trump officially takes office January 20th. Even then, it will take months, if not years, to even initiate some of the bold initiatives he promised moving forward. Any flip flops, or change in direction will have meaningful reactions in the markets, and if perceived to have a negative effect on the USD, GOLD will move up rapidly. Also, in my opinion, for the US economy to improve (i.e. more jobs, more profit), the USD needs to be devalued, to enhance their weak export market.
The current landscape for GOLD & precious metals exploration is tough, but hardly seems to affect Chris Dupont at all. The last I heard, he was evaluating some additional results from the Chester drilling, gradually trickling in from the assayer’s office. The lab results for the trace metals should be arriving in the next two to three weeks as well. We may see two or three News Releases before the dust settles on that. Secondly, the Down Hole IP report for the Kidd drill hole re-entry wedging and inclination remains in limbo, awaiting some final approvals prior to release to CD. Final budget approvals are underway at Teck, so our discussions with them appear imminent. That would be great if they decide on a major drilling program at the TPW. Other than that, geophysics are continuing on various Company properties…
$E1H1...HAPPY NEW YEAR!! Still nervous about GOLD? Here are a few quotes from very credible, and closely followed analysts. “As a central bank (or an investor) with hundreds of billions in reserves, which would you rather own? The Debt obligations of a nation that is issuing increasingly more currency to cover rising fiscal deficits, or GOLD, a global currency that is not only at an all-time low compared to US debt obligations, but is being produced in lesser and lesser quantities with the current price not high enough to maintain GOLD production? Maybe, just maybe, the consensus on a ‘Stronger US Dollar’ may be wrong, and without any currency looking anywhere close to healthy enough to replace the dollar's position in investor and central bank portfolios, we think that GOLD makes the best way to play this(our) contrarian trade.”
“The GOLD price will climb above $1,500(US) in 2017, with the potential to claw back towards all-time highs in the event of a currency crisis, major war or other black swan event. December 2015 will prove to be the bottom of the correction and GOLD will once again embark on a multi-year bull cycle. The dollar may rally a bit higher, but the USD index will ultimately drop back below 100 during 2017 as government spending picks up and deficits soar (currently at $20Trillion!!). The de-dollarization trend will continue in earnest. The stock market will crash hard, retracing at least 1/3 and up to 1/2 of the gains realized since the 2008/2009 financial crisis. Equity valuations are frothy by any number of measures (25+ times earnings!!) as investors have been chasing yield in the NIRP economic environment. Once the slide begins, panicked investors will rush for the exits.” (And, where will they go? GOLD).
“Physical demand for GOLD continues to be active around the world. Central banks have been net purchasers of the yellow metal with most buying coming from Russia and China, who have been adding to national reserves. While these monetary authorities bought around 550 tons in 2015, official sector purchases this year are likely to be closer to the 400-ton level. In November, Russia bought one million ounces of GOLD. Currency issues in India have increased demand for the metal and a change in Sharia law allowing people to own GOLD and GOLD instruments could add to physical and derivative demand in the months and years ahead.”
So, given the above, our resource at the TPW, and Teck’s upcoming drill campaign, wouldn’t a position in EXS/EXSFF make sense to you? As an existing shareholder, wouldn’t averaging your holding make sense to you? Clearly, a sharp increase in the price of GOLD will lead to 30-100% gains in IAMGOLD, DETOUR, GOLDCORP & other producers, but the active GOLD explorers will see 300-500% gains, as history has proven in the past. At this time last year, EXS/EXSFF was trading at current levels, .075CDN. By the end of February, 2016, the stock was trading at .24CDN, or a gain of 320%!
The most recent MD&A indicates not only a variety of GOLD bearing opportunities for the Company to explore, and exploit in 2017, but also a healthy Treasury to make it all work. Geophysics reports at Kidd, East Bay, and the PG101 are in process; drill results at the Chester Copper Deposit trickling in, and drilling at Kidd, and the TPW will be commencing in short order.
$EXSFF...HAPPY NEW YEAR!! Still nervous about GOLD? Here are a few quotes from very credible, and closely followed analysts. “As a central bank (or an investor) with hundreds of billions in reserves, which would you rather own? The Debt obligations of a nation that is issuing increasingly more currency to cover rising fiscal deficits, or GOLD, a global currency that is not only at an all-time low compared to US debt obligations, but is being produced in lesser and lesser quantities with the current price not high enough to maintain GOLD production? Maybe, just maybe, the consensus on a ‘Stronger US Dollar’ may be wrong, and without any currency looking anywhere close to healthy enough to replace the dollar's position in investor and central bank portfolios, we think that GOLD makes the best way to play this(our) contrarian trade.”
“The GOLD price will climb above $1,500(US) in 2017, with the potential to claw back towards all-time highs in the event of a currency crisis, major war or other black swan event. December 2015 will prove to be the bottom of the correction and GOLD will once again embark on a multi-year bull cycle. The dollar may rally a bit higher, but the USD index will ultimately drop back below 100 during 2017 as government spending picks up and deficits soar (currently at $20Trillion!!). The de-dollarization trend will continue in earnest. The stock market will crash hard, retracing at least 1/3 and up to 1/2 of the gains realized since the 2008/2009 financial crisis. Equity valuations are frothy by any number of measures (25+ times earnings!!) as investors have been chasing yield in the NIRP economic environment. Once the slide begins, panicked investors will rush for the exits.” (And, where will they go? GOLD).
“Physical demand for GOLD continues to be active around the world. Central banks have been net purchasers of the yellow metal with most buying coming from Russia and China, who have been adding to national reserves. While these monetary authorities bought around 550 tons in 2015, official sector purchases this year are likely to be closer to the 400-ton level. In November, Russia bought one million ounces of GOLD. Currency issues in India have increased demand for the metal and a change in Sharia law allowing people to own GOLD and GOLD instruments could add to physical and derivative demand in the months and years ahead.”
So, given the above, our resource at the TPW, and Teck’s upcoming drill campaign, wouldn’t a position in EXS/EXSFF make sense to you? As an existing shareholder, wouldn’t averaging your holding make sense to you? Clearly, a sharp increase in the price of GOLD will lead to 30-100% gains in IAMGOLD, DETOUR, GOLDCORP & other producers, but the active GOLD explorers will see 300-500% gains, as history has proven in the past. At this time last year, EXS/EXSFF was trading at current levels, .075CDN. By the end of February, 2016, the stock was trading at .24CDN, or a gain of 320%!
The most recent MD&A indicates not only a variety of GOLD bearing opportunities for the Company to explore, and exploit in 2017, but also a healthy Treasury to make it all work. Geophysics reports at Kidd, East Bay, and the PG101 are in process; drill results at the Chester Copper Deposit trickling in, and drilling at Kidd, and the TPW will be commencing in short order.
$EXS...HAPPY NEW YEAR!! Still nervous about GOLD? Here are a few quotes from very credible, and closely followed analysts. “As a central bank (or an investor) with hundreds of billions in reserves, which would you rather own? The Debt obligations of a nation that is issuing increasingly more currency to cover rising fiscal deficits, or GOLD, a global currency that is not only at an all-time low compared to US debt obligations, but is being produced in lesser and lesser quantities with the current price not high enough to maintain GOLD production? Maybe, just maybe, the consensus on a ‘Stronger US Dollar’ may be wrong, and without any currency looking anywhere close to healthy enough to replace the dollar's position in investor and central bank portfolios, we think that GOLD makes the best way to play this(our) contrarian trade.”
“The GOLD price will climb above $1,500(US) in 2017, with the potential to claw back towards all-time highs in the event of a currency crisis, major war or other black swan event. December 2015 will prove to be the bottom of the correction and GOLD will once again embark on a multi-year bull cycle. The dollar may rally a bit higher, but the USD index will ultimately drop back below 100 during 2017 as government spending picks up and deficits soar (currently at $20Trillion!!). The de-dollarization trend will continue in earnest. The stock market will crash hard, retracing at least 1/3 and up to 1/2 of the gains realized since the 2008/2009 financial crisis. Equity valuations are frothy by any number of measures (25+ times earnings!!) as investors have been chasing yield in the NIRP economic environment. Once the slide begins, panicked investors will rush for the exits.” (And, where will they go? GOLD).
“Physical demand for GOLD continues to be active around the world. Central banks have been net purchasers of the yellow metal with most buying coming from Russia and China, who have been adding to national reserves. While these monetary authorities bought around 550 tons in 2015, official sector purchases this year are likely to be closer to the 400-ton level. In November, Russia bought one million ounces of GOLD. Currency issues in India have increased demand for the metal and a change in Sharia law allowing people to own GOLD and GOLD instruments could add to physical and derivative demand in the months and years ahead.”
So, given the above, our resource at the TPW, and Teck’s upcoming drill campaign, wouldn’t a position in EXS/EXSFF make sense to you? As an existing shareholder, wouldn’t averaging your holding make sense to you? Clearly, a sharp increase in the price of GOLD will lead to 30-100% gains in IAMGOLD, DETOUR, GOLDCORP & other producers, but the active GOLD explorers will see 300-500% gains, as history has proven in the past. At this time last year, EXS/EXSFF was trading at current levels, .075CDN. By the end of February, 2016, the stock was trading at .24CDN, or a gain of 320%!
The most recent MD&A indicates not only a variety of GOLD bearing opportunities for the Company to explore, and exploit in 2017, but also a healthy Treasury to make it all work. Geophysics reports at Kidd, East Bay, and the PG101 are in process; drill results at the Chester Copper Deposit trickling in, and drilling at Kidd, and the TPW will be commencing in short order.
$E1H1...A BRIGHT NEW YEAR? My hope for all readers of this posting is that you all had a wonderful time celebrating Christmas in your own way surrounded by friends and family. Between my various events, I was stunned by the sheer volume of commentary on the future price of GOLD. Given my obvious interest in the yellow metal, and its impact on EXS/EXSFF stock price, I typically cherry pick positive indicators to support my belief that GOLD will escalate in the near future. In all good conscious, although my gut tells me we are heading up from the $1,130 neighbourhood in the New Year, capital flight from various dubious currencies around the world into the USD is putting a damper on that. The price of GOLD is a reflection of the perceived value of the USD, and that perception is fueled by demand. I’ve been hearing about a probable correction in the USD to the downside, but the myriad of factors contributing to that notion are confusing at best. So, for me, the jury is still out on that one. I’ve also been reading about diminishing supplies, and growing demand on GOLD by Russia, China and India, and a further anticipated demand from the Muslim community. That for me breeds hope as I continue to add to my position in EXS/EXSFF, taking advantage of the tax loss selling through year end. Apparently, CD bought 25,500 shares near the close last Friday at .07CDN, suggesting he thinks GOLD will do better as we move into 2017?
The Down Hole IP has been completed north of the Kidd Mine. A drill rig has been moved to the site to continue drilling from recommended wedging levels, and inclinations within the existing drill holes from last summer, starting in early January. The Geophysics report should be finished and in CD’s hands by Friday. Given the rental rates on both rig and crew, CD is pushing for a January second, or third start to the drilling process. Having encountered Exhalite (a known precursor to VMS deposits) on two separate occasions last summer, I’m pretty optimistic about this upcoming program.
A relatively large number of core samples were sent to the lab from the Chester Copper Deposit in New Brunswick. I’ve heard that some new results are as good, or better than those announced last month, although quite a few assays are still forthcoming, given the usual seasonal delays. I suspect we’ll see that news somewhere in the next couple of weeks.
A teleconferencing date, and time have not as yet been established for the Teck/TPW drilling campaign. I do believe, however, that with Tahoe encroaching ever closer to the TPW from the west, that Teck will be inspired to accelerate their efforts on the property. More on that to come.
The geophysics report on the Company’s PG-101 property is being finalized as I write. The report indicating some interesting anomalies and targets, will be in Dupont’s hands shortly, and decisions can be made on possible drilling on the property in the New Year. Likewise, geophysics are ongoing on the Montrose property, 3,432Hectares west of Kirkland Lake, Ontario. This is a ‘new’ one to most of us, but info is fairly comprehensive in the Company’s website. Again, dependant on the geophysics, a drilling program may be undertaken in the New Year. Geophysics are also being performed on the East Bay properties near the Town of Duparquet in Quebec. Laying within the Porcupine Destor Fault zone, representing 2,632Hectares, I’m pretty sure drilling will be done during 2017, especially in view of Flow Through provisions on much of the Private Placements subscribed in November & December, 2016.
All in all, we have tremendous ongoing activity on a number of fronts. In spite of market conditions, or the Holiday season, CD continues to motor forward.
$EXSFF...A BRIGHT NEW YEAR? My hope for all readers of this posting is that you all had a wonderful time celebrating Christmas in your own way surrounded by friends and family. Between my various events, I was stunned by the sheer volume of commentary on the future price of GOLD. Given my obvious interest in the yellow metal, and its impact on EXS/EXSFF stock price, I typically cherry pick positive indicators to support my belief that GOLD will escalate in the near future. In all good conscious, although my gut tells me we are heading up from the $1,130 neighbourhood in the New Year, capital flight from various dubious currencies around the world into the USD is putting a damper on that. The price of GOLD is a reflection of the perceived value of the USD, and that perception is fueled by demand. I’ve been hearing about a probable correction in the USD to the downside, but the myriad of factors contributing to that notion are confusing at best. So, for me, the jury is still out on that one. I’ve also been reading about diminishing supplies, and growing demand on GOLD by Russia, China and India, and a further anticipated demand from the Muslim community. That for me breeds hope as I continue to add to my position in EXS/EXSFF, taking advantage of the tax loss selling through year end. Apparently, CD bought 25,500 shares near the close last Friday at .07CDN, suggesting he thinks GOLD will do better as we move into 2017?
The Down Hole IP has been completed north of the Kidd Mine. A drill rig has been moved to the site to continue drilling from recommended wedging levels, and inclinations within the existing drill holes from last summer, starting in early January. The Geophysics report should be finished and in CD’s hands by Friday. Given the rental rates on both rig and crew, CD is pushing for a January second, or third start to the drilling process. Having encountered Exhalite (a known precursor to VMS deposits) on two separate occasions last summer, I’m pretty optimistic about this upcoming program.
A relatively large number of core samples were sent to the lab from the Chester Copper Deposit in New Brunswick. I’ve heard that some new results are as good, or better than those announced last month, although quite a few assays are still forthcoming, given the usual seasonal delays. I suspect we’ll see that news somewhere in the next couple of weeks.
A teleconferencing date, and time have not as yet been established for the Teck/TPW drilling campaign. I do believe, however, that with Tahoe encroaching ever closer to the TPW from the west, that Teck will be inspired to accelerate their efforts on the property. More on that to come.
The geophysics report on the Company’s PG-101 property is being finalized as I write. The report indicating some interesting anomalies and targets, will be in Dupont’s hands shortly, and decisions can be made on possible drilling on the property in the New Year. Likewise, geophysics are ongoing on the Montrose property, 3,432Hectares west of Kirkland Lake, Ontario. This is a ‘new’ one to most of us, but info is fairly comprehensive in the Company’s website. Again, dependant on the geophysics, a drilling program may be undertaken in the New Year. Geophysics are also being performed on the East Bay properties near the Town of Duparquet in Quebec. Laying within the Porcupine Destor Fault zone, representing 2,632Hectares, I’m pretty sure drilling will be done during 2017, especially in view of Flow Through provisions on much of the Private Placements subscribed in November & December, 2016.
All in all, we have tremendous ongoing activity on a number of fronts. In spite of market conditions, or the Holiday season, CD continues to motor forward.
$EXS...A BRIGHT NEW YEAR? My hope for all readers of this posting is that you all had a wonderful time celebrating Christmas in your own way surrounded by friends and family. Between my various events, I was stunned by the sheer volume of commentary on the future price of GOLD. Given my obvious interest in the yellow metal, and its impact on EXS/EXSFF stock price, I typically cherry pick positive indicators to support my belief that GOLD will escalate in the near future. In all good conscious, although my gut tells me we are heading up from the $1,130 neighbourhood in the New Year, capital flight from various dubious currencies around the world into the USD is putting a damper on that. The price of GOLD is a reflection of the perceived value of the USD, and that perception is fueled by demand. I’ve been hearing about a probable correction in the USD to the downside, but the myriad of factors contributing to that notion are confusing at best. So, for me, the jury is still out on that one. I’ve also been reading about diminishing supplies, and growing demand on GOLD by Russia, China and India, and a further anticipated demand from the Muslim community. That for me breeds hope as I continue to add to my position in EXS/EXSFF, taking advantage of the tax loss selling through year end. Apparently, CD bought 25,500 shares near the close last Friday at .07CDN, suggesting he thinks GOLD will do better as we move into 2017?
The Down Hole IP has been completed north of the Kidd Mine. A drill rig has been moved to the site to continue drilling from recommended wedging levels, and inclinations within the existing drill holes from last summer, starting in early January. The Geophysics report should be finished and in CD’s hands by Friday. Given the rental rates on both rig and crew, CD is pushing for a January second, or third start to the drilling process. Having encountered Exhalite (a known precursor to VMS deposits) on two separate occasions last summer, I’m pretty optimistic about this upcoming program.
A relatively large number of core samples were sent to the lab from the Chester Copper Deposit in New Brunswick. I’ve heard that some new results are as good, or better than those announced last month, although quite a few assays are still forthcoming, given the usual seasonal delays. I suspect we’ll see that news somewhere in the next couple of weeks.
A teleconferencing date, and time have not as yet been established for the Teck/TPW drilling campaign. I do believe, however, that with Tahoe encroaching ever closer to the TPW from the west, that Teck will be inspired to accelerate their efforts on the property. More on that to come.
The geophysics report on the Company’s PG-101 property is being finalized as I write. The report indicating some interesting anomalies and targets, will be in Dupont’s hands shortly, and decisions can be made on possible drilling on the property in the New Year. Likewise, geophysics are ongoing on the Montrose property, 3,432Hectares west of Kirkland Lake, Ontario. This is a ‘new’ one to most of us, but info is fairly comprehensive in the Company’s website. Again, dependant on the geophysics, a drilling program may be undertaken in the New Year. Geophysics are also being performed on the East Bay properties near the Town of Duparquet in Quebec. Laying within the Porcupine Destor Fault zone, representing 2,632Hectares, I’m pretty sure drilling will be done during 2017, especially in view of Flow Through provisions on much of the Private Placements subscribed in November & December, 2016.
All in all, we have tremendous ongoing activity on a number of fronts. In spite of market conditions, or the Holiday season, CD continues to motor forward.
$E1H1..MERRY CHRISTMAS.. We surely do live in a financial world of ‘smoke & mirrors’. I’m sure even Houdini would be impressed. Given the multiple rounds of Quantitative Easing, we have at least two to three times the number of US Dollars representing the total wealth of the United States. The perceived value of the USD should be, at best, half of what it is. Add to that the Trump administration of tax cuts & a further deficit trillion dollar infrastructure initiative, and in my logical mind, the value of the USD falls even more. How do they service twenty trillion dollars of debt? Further, we have growing demand for GOLD from China & India, and the Muslim world is about to enter the physical GOLD market. You would think Gold’s relevance to the financial markets; trading in the commodity, and equities focussed on GOLD would be moving dramatically higher on a weaker US dollar, and yet, here we are today with a USD as strong as its been in 30 years! My point is, ultimately, it makes no sense to me. The only valid conclusion I can draw is the collusion, and manipulation is on an unprecedented world wide scale, in our case, dictated largely by the COMEX GOLD futures market, who routinely issue tens of thousands of contracts without the underlying physical GOLD to back them up. Much as the Tech Bubble of 2000, at some point, this entire house of cards will come crashing down, and little equities like EXS/EXSFF, with its portfolio of GOLD properties, will have its day. At .07, it feels like buying a Ferrari for the price of a used Volkswagon.
Any way, CD had a great trip to Timmins. He met with the geophysics firm doing the Kidd Downhole IP, and they have commenced work on site. Dupont believes they can complete the process by the end of the year. Their report will provide the insight necessary to determine the best wedging points in the existing holes drilled last summer. We will know what depth to set the wedge, and at what downward angle, to maximize our potential for finding the VMS deposit CD is convinced is there. If all goes according to plan, we should be drilling on site in January.
The lab analyzing the remaining Chester Copper cores has promised the results by Christmas, being analyzed for Copper, Gold, Silver, Lead and Zinc. I’ve heard the visible chalcopyrite throughout all the core extracted was very impressive. I’m hopeful the remaining results will be released before the New Year, and I’m deeply convinced that the 43-101 on the property will need a very serious upgrade.
Geophysics at the PG-101 property have been completed, and some interesting anomalies discovered. I suspect drilling in 2017 will include a serious program at this property. Geophysics continue on two other fronts, but with property acquisitions pending, I have not been able to get specifics at this time.
Lastly, a specific date has not as yet been set for the Teck video conference concerning the drilling program at TPW, but Chris thinks it will be high on their agenda for early next month.
To all of you taking time to read my posts, both Minions, and Dorks, my family & I wish you all a Very Merry Christmas, and a Very Profitable New Year!!
$EXSFF..MERRY CHRISTMAS.. We surely do live in a financial world of ‘smoke & mirrors’. I’m sure even Houdini would be impressed. Given the multiple rounds of Quantitative Easing, we have at least two to three times the number of US Dollars representing the total wealth of the United States. The perceived value of the USD should be, at best, half of what it is. Add to that the Trump administration of tax cuts & a further deficit trillion dollar infrastructure initiative, and in my logical mind, the value of the USD falls even more. How do they service twenty trillion dollars of debt? Further, we have growing demand for GOLD from China & India, and the Muslim world is about to enter the physical GOLD market. You would think Gold’s relevance to the financial markets; trading in the commodity, and equities focussed on GOLD would be moving dramatically higher on a weaker US dollar, and yet, here we are today with a USD as strong as its been in 30 years! My point is, ultimately, it makes no sense to me. The only valid conclusion I can draw is the collusion, and manipulation is on an unprecedented world wide scale, in our case, dictated largely by the COMEX GOLD futures market, who routinely issue tens of thousands of contracts without the underlying physical GOLD to back them up. Much as the Tech Bubble of 2000, at some point, this entire house of cards will come crashing down, and little equities like EXS/EXSFF, with its portfolio of GOLD properties, will have its day. At .07, it feels like buying a Ferrari for the price of a used Volkswagon.
Any way, CD had a great trip to Timmins. He met with the geophysics firm doing the Kidd Downhole IP, and they have commenced work on site. Dupont believes they can complete the process by the end of the year. Their report will provide the insight necessary to determine the best wedging points in the existing holes drilled last summer. We will know what depth to set the wedge, and at what downward angle, to maximize our potential for finding the VMS deposit CD is convinced is there. If all goes according to plan, we should be drilling on site in January.
The lab analyzing the remaining Chester Copper cores has promised the results by Christmas, being analyzed for Copper, Gold, Silver, Lead and Zinc. I’ve heard the visible chalcopyrite throughout all the core extracted was very impressive. I’m hopeful the remaining results will be released before the New Year, and I’m deeply convinced that the 43-101 on the property will need a very serious upgrade.
Geophysics at the PG-101 property have been completed, and some interesting anomalies discovered. I suspect drilling in 2017 will include a serious program at this property. Geophysics continue on two other fronts, but with property acquisitions pending, I have not been able to get specifics at this time.
Lastly, a specific date has not as yet been set for the Teck video conference concerning the drilling program at TPW, but Chris thinks it will be high on their agenda for early next month.
To all of you taking time to read my posts, both Minions, and Dorks, my family & I wish you all a Very Merry Christmas, and a Very Profitable New Year!!
$EXS..MERRY CHRISTMAS.. We surely do live in a financial world of ‘smoke & mirrors’. I’m sure even Houdini would be impressed. Given the multiple rounds of Quantitative Easing, we have at least two to three times the number of US Dollars representing the total wealth of the United States. The perceived value of the USD should be, at best, half of what it is. Add to that the Trump administration of tax cuts & a further deficit trillion dollar infrastructure initiative, and in my logical mind, the value of the USD falls even more. How do they service twenty trillion dollars of debt? Further, we have growing demand for GOLD from China & India, and the Muslim world is about to enter the physical GOLD market. You would think Gold’s relevance to the financial markets; trading in the commodity, and equities focussed on GOLD would be moving dramatically higher on a weaker US dollar, and yet, here we are today with a USD as strong as its been in 30 years! My point is, ultimately, it makes no sense to me. The only valid conclusion I can draw is the collusion, and manipulation is on an unprecedented world wide scale, in our case, dictated largely by the COMEX GOLD futures market, who routinely issue tens of thousands of contracts without the underlying physical GOLD to back them up. Much as the Tech Bubble of 2000, at some point, this entire house of cards will come crashing down, and little equities like EXS/EXSFF, with its portfolio of GOLD properties, will have its day. At .07, it feels like buying a Ferrari for the price of a used Volkswagon.
Any way, CD had a great trip to Timmins. He met with the geophysics firm doing the Kidd Downhole IP, and they have commenced work on site. Dupont believes they can complete the process by the end of the year. Their report will provide the insight necessary to determine the best wedging points in the existing holes drilled last summer. We will know what depth to set the wedge, and at what downward angle, to maximize our potential for finding the VMS deposit CD is convinced is there. If all goes according to plan, we should be drilling on site in January.
The lab analyzing the remaining Chester Copper cores has promised the results by Christmas, being analyzed for Copper, Gold, Silver, Lead and Zinc. I’ve heard the visible chalcopyrite throughout all the core extracted was very impressive. I’m hopeful the remaining results will be released before the New Year, and I’m deeply convinced that the 43-101 on the property will need a very serious upgrade.
Geophysics at the PG-101 property have been completed, and some interesting anomalies discovered. I suspect drilling in 2017 will include a serious program at this property. Geophysics continue on two other fronts, but with property acquisitions pending, I have not been able to get specifics at this time.
Lastly, a specific date has not as yet been set for the Teck video conference concerning the drilling program at TPW, but Chris thinks it will be high on their agenda for early next month.
To all of you taking time to read my posts, both Minions, and Dorks, my family & I wish you all a Very Merry Christmas, and a Very Profitable New Year!!
$E1H1 FINANCING 2017... As a long-term shareholder in the company, its really nice to see the financial support of a growing core of serious investors in the Private Placements over the past few weeks, in spite of the price of GOLD. I have to assume these people believe, as I do, that GOLD is going to do very well as we move into 2017? I’m sure all of us have an opinion on that? One thing that is for certain, though, is the prevailing price of Copper, in the US$2.65 range. In retrospect, six copper mineralized zones over a couple of hundred meters in just the first drill core reported from the company’s Chester Property in New Brunswick is spectacular. Quoting an excerpt from the November 30 announcement, “The Chester Property is known to contain both a copper deposit and a VMS deposit. The copper deposit has an Open Pit resource with Measured & Indicated resource of 1,400,000 tonnes grading 1.38% Cu, 0.06% Zn & 3.5 g/t Ag and an inferred resource of 2,089,000 tonnes grading 1.26% Cu (assayed for Cu only).” Additional results on the other holes drilled should be released before the end of the month. I would think the ‘Measured & Indicated’ figures quoted above will require a significant upward adjustment on the heels of the expected News Release? Hopefully, the results of the Indium, Gallium & Cobalt testing will add a meaningful value to the deposit as well.
Geophysics continue on three of the Company’s properties in preparation for drilling in the New Year. Those results should be released to shareholders as the reports become available to management. Addressing the nagging question about the Company’s Kidd property, I’m happy to report all details relative to the Downhole IP delays have been resolved. With guarded optimism, CD is hoping the Geophysics firm can complete their work over the next number of weeks. He’s in Timmins this week to facilitate that process, and visit with some of the Company’s senior shareholders. Once that’s done, re-entry & wedging from one or two of the holes drilled last summer becomes imminent.
A video conference with Teck geologists, and officials is slated for some time in January. That should give us a fairly good idea about the planned drilling program at TPW including how big, exactly where, and, of course, when? We know what these guys can be like, so let’s not hold our breath.
$EXSFF FINANCING 2017... As a long-term shareholder in the company, its really nice to see the financial support of a growing core of serious investors in the Private Placements over the past few weeks, in spite of the price of GOLD. I have to assume these people believe, as I do, that GOLD is going to do very well as we move into 2017? I’m sure all of us have an opinion on that? One thing that is for certain, though, is the prevailing price of Copper, in the US$2.65 range. In retrospect, six copper mineralized zones over a couple of hundred meters in just the first drill core reported from the company’s Chester Property in New Brunswick is spectacular. Quoting an excerpt from the November 30 announcement, “The Chester Property is known to contain both a copper deposit and a VMS deposit. The copper deposit has an Open Pit resource with Measured & Indicated resource of 1,400,000 tonnes grading 1.38% Cu, 0.06% Zn & 3.5 g/t Ag and an inferred resource of 2,089,000 tonnes grading 1.26% Cu (assayed for Cu only).” Additional results on the other holes drilled should be released before the end of the month. I would think the ‘Measured & Indicated’ figures quoted above will require a significant upward adjustment on the heels of the expected News Release? Hopefully, the results of the Indium, Gallium & Cobalt testing will add a meaningful value to the deposit as well.
Geophysics continue on three of the Company’s properties in preparation for drilling in the New Year. Those results should be released to shareholders as the reports become available to management. Addressing the nagging question about the Company’s Kidd property, I’m happy to report all details relative to the Downhole IP delays have been resolved. With guarded optimism, CD is hoping the Geophysics firm can complete their work over the next number of weeks. He’s in Timmins this week to facilitate that process, and visit with some of the Company’s senior shareholders. Once that’s done, re-entry & wedging from one or two of the holes drilled last summer becomes imminent.
A video conference with Teck geologists, and officials is slated for some time in January. That should give us a fairly good idea about the planned drilling program at TPW including how big, exactly where, and, of course, when? We know what these guys can be like, so let’s not hold our breath.
$EXS FINANCING 2017... As a long-term shareholder in the company, its really nice to see the financial support of a growing core of serious investors in the Private Placements over the past few weeks, in spite of the price of GOLD. I have to assume these people believe, as I do, that GOLD is going to do very well as we move into 2017? I’m sure all of us have an opinion on that? One thing that is for certain, though, is the prevailing price of Copper, in the US$2.65 range. In retrospect, six copper mineralized zones over a couple of hundred meters in just the first drill core reported from the company’s Chester Property in New Brunswick is spectacular. Quoting an excerpt from the November 30 announcement, “The Chester Property is known to contain both a copper deposit and a VMS deposit. The copper deposit has an Open Pit resource with Measured & Indicated resource of 1,400,000 tonnes grading 1.38% Cu, 0.06% Zn & 3.5 g/t Ag and an inferred resource of 2,089,000 tonnes grading 1.26% Cu (assayed for Cu only).” Additional results on the other holes drilled should be released before the end of the month. I would think the ‘Measured & Indicated’ figures quoted above will require a significant upward adjustment on the heels of the expected News Release? Hopefully, the results of the Indium, Gallium & Cobalt testing will add a meaningful value to the deposit as well.
Geophysics continue on three of the Company’s properties in preparation for drilling in the New Year. Those results should be released to shareholders as the reports become available to management. Addressing the nagging question about the Company’s Kidd property, I’m happy to report all details relative to the Downhole IP delays have been resolved. With guarded optimism, CD is hoping the Geophysics firm can complete their work over the next number of weeks. He’s in Timmins this week to facilitate that process, and visit with some of the Company’s senior shareholders. Once that’s done, re-entry & wedging from one or two of the holes drilled last summer becomes imminent.
A video conference with Teck geologists, and officials is slated for some time in January. That should give us a fairly good idea about the planned drilling program at TPW including how big, exactly where, and, of course, when? We know what these guys can be like, so let’s not hold our breath.
$E1H1 TOWARDS 2017 Last week I provided some insight into the importance of three main trace metals present at the company’s Chester Copper deposit. I have heard that a number of samples from the recent drill core have been sent to the lab for analysis for Indium, Gallium & Cobalt content. I’m hopeful that the results are really good & will add significantly to the deposits value. The Induced Polarization (IP) process at the PG101 property is moving along nicely, although hampered somewhat by issues with the weather. That process should yield a number of interesting targets for a drilling program in the near future. Likewise, I’ve learned that geophysics are being performed on a couple of the company’s Quebec properties, although I have no details to offer at this time. Much of the recent Flow Through Financing demands that the funds must be spent on exploration in Quebec, so I have to believe drilling on one, or two of the company’s Quebec properties must be in the plans for 2017. Again, a reminder that a visit to the company’s website will provide tremendous insight into the various properties held by EXS/EXSFF. Complete descriptions, and geologic histories are also included for all of the company’s assets.
I had a chat with CD dwelling specifically on the price of GOLD, given its obvious importance to the equity. That was a lively debate, I assure you, as we both do a tremendous amount of reading, and pay very close attention to events around the world. I expect many of us contributing to the stock boards, and those reading our postings, are doing the same. CD shared he thought GOLD would be trading in the US$2,000 range by now. I was thinking more in the US$1,450-$1,500 range. Either way, that would have EXS/EXSFF trading at two to three times where it is at the moment, at the least. We agreed there are a number of events in the very near future which could move GOLD pricing dramatically upward, specifically the interest rate increase expected by the Fed later this month; demand from India, & China, as well as the new Islamist Laws bringing the wealth of 1.5 billion Muslims to the physical GOLD market.
I received a private message which read in part, “Was CD given any indication from Teck as to when budget approval may occur for the TPW drilling? Are you still hearing plans of Teck spending in the 2-4 million range for this new round of drilling? Hopefully CD will issue another NR with these updates/details on the drilling as they become available.” This is how I responded, “The amount of time, and effort, and money poured into the TPW by Teck to date, and the subsequent findings of all the geophysics performed, can lead to only one scenario in my mind. I truly believe Teck’s next move will be a very aggressive one. They could even exceed the $4million figure looking ahead. This notion is supported by the intense exploration west of the TPW by Tahoe, on the same geologic structure the TPW deposit sits on. I think we would be sadly wrong if we chose to think Tahoe and Teck aren’t sharing information at the corporate level? Budgetary decisions of this magnitude require senior management approval. I think that process will move more quickly when GOLD does its anticipated correction beyond $1,350. No one at EXS has any influence on Teck’s administrative process, so, when drilling will commence is still up in the air. Frustrating for all of us investors for sure, but I think Teck would be flipping idiots not to do as I’m suggesting…”
$EXSFF TOWARDS 2017 Last week I provided some insight into the importance of three main trace metals present at the company’s Chester Copper deposit. I have heard that a number of samples from the recent drill core have been sent to the lab for analysis for Indium, Gallium & Cobalt content. I’m hopeful that the results are really good & will add significantly to the deposits value. The Induced Polarization (IP) process at the PG101 property is moving along nicely, although hampered somewhat by issues with the weather. That process should yield a number of interesting targets for a drilling program in the near future. Likewise, I’ve learned that geophysics are being performed on a couple of the company’s Quebec properties, although I have no details to offer at this time. Much of the recent Flow Through Financing demands that the funds must be spent on exploration in Quebec, so I have to believe drilling on one, or two of the company’s Quebec properties must be in the plans for 2017. Again, a reminder that a visit to the company’s website will provide tremendous insight into the various properties held by EXS/EXSFF. Complete descriptions, and geologic histories are also included for all of the company’s assets.
I had a chat with CD dwelling specifically on the price of GOLD, given its obvious importance to the equity. That was a lively debate, I assure you, as we both do a tremendous amount of reading, and pay very close attention to events around the world. I expect many of us contributing to the stock boards, and those reading our postings, are doing the same. CD shared he thought GOLD would be trading in the US$2,000 range by now. I was thinking more in the US$1,450-$1,500 range. Either way, that would have EXS/EXSFF trading at two to three times where it is at the moment, at the least. We agreed there are a number of events in the very near future which could move GOLD pricing dramatically upward, specifically the interest rate increase expected by the Fed later this month; demand from India, & China, as well as the new Islamist Laws bringing the wealth of 1.5 billion Muslims to the physical GOLD market.
I received a private message which read in part, “Was CD given any indication from Teck as to when budget approval may occur for the TPW drilling? Are you still hearing plans of Teck spending in the 2-4 million range for this new round of drilling? Hopefully CD will issue another NR with these updates/details on the drilling as they become available.” This is how I responded, “The amount of time, and effort, and money poured into the TPW by Teck to date, and the subsequent findings of all the geophysics performed, can lead to only one scenario in my mind. I truly believe Teck’s next move will be a very aggressive one. They could even exceed the $4million figure looking ahead. This notion is supported by the intense exploration west of the TPW by Tahoe, on the same geologic structure the TPW deposit sits on. I think we would be sadly wrong if we chose to think Tahoe and Teck aren’t sharing information at the corporate level? Budgetary decisions of this magnitude require senior management approval. I think that process will move more quickly when GOLD does its anticipated correction beyond $1,350. No one at EXS has any influence on Teck’s administrative process, so, when drilling will commence is still up in the air. Frustrating for all of us investors for sure, but I think Teck would be flipping idiots not to do as I’m suggesting…”