$EXS...BEST YEAR EVER? The dozens of calls, and personal visitations Dupont has had with shareholders, especially over these past few weeks has paid off. The AGM took place this morning, and all resolutions presented to registered shareholders were passed by a wide majority. So, with Chris Dupont’s continued leadership, we march forward into 2018. Reiterating a Dupont comment from my recent Xmas Report, 2018 promises to be the best year ever.
Emphasizing the geopolitical tensions moving forward, we received a frantic call from our daughter visiting Hawaii, huddled in a luxury hotel stairway, truly believing her end was imminent. I’m sure many of us were personally touched by this incident, perhaps foreshadowing a darker future? Tensions are running as high as I’ve seen in recent years, ironically, a positive for GOLD. Current price action appears to be a function of a weakening USD, more so than a surge in demand. Trying not to sound like the boy crying wolf, a dramatic increase in the Volatility Index (VIX) from 5-15% since the beginning of the year, strongly suggests major markets will realize an imminent correction. Historically, that is good for GOLD. Bearing in mind a plethora of other factors, I think Dupont could be right.
Open Pit delineation drilling at the Timmins Porcupine West GOLD deposit (TPW) has been completely mapped out, suggesting negotiations with a major US Fund are moving in the right direction. Knowing Chris, chances are pretty good he has a backup plan to ensure the TPW moves a step closer to production.
When I last spoke with Dupont, his enthusiasm about the current drilling campaign at East Bay was palpable. Early results, including the seriously mineralized second hole, with the cooperation of the lab, of course, should be announced within the next 2-3 weeks. I’m certain CD is all over them like a bad rash to ensure they come through! Drilling has continued, with a number of interesting mineralized sections sent to the lab, from various key locations around the property. Although the program calls for a total of 3,000meters, Dupont has authorized deepening of at least two holes so far, based on excellent visuals of the extracted core.
Some months ago, Confidentiality Agreements (CAs) were entered into with a number of potential suitors to the TPW, the Chester Copper Deposit, and other Company properties. With the holiday season behind us, & dramatically improved commodity prices, I’m hearing progress is being made on a couple of fronts.