Explor Resources Inc. (fka EXSFF)

[STR8Shooter2012]

JV versus "Going it Alone" ---- make no mistake about one thing - a joint venture if structured badly will torpedo your upside potential. Look at all of the HudBay JV's where they put up the early money and get a 70% back-in arrangement. The junior takes all the risk and finds something then loses 70% right back to HudBay. No thanks. Or a DeBeers JV where the junior doesn't put hard execution dates for things like scoping studies and pre-feasibility or production and boom! Debeers sits on the news flow until the junior has no money and a 5-cent share price. No thanks.

EXS will take a private placement for 19.9% of its ownership structure from a major that will act as its investment bank but anything else would be a big fat "bear hug".

The plan is simple: Drill TPW and accelerate news flow thus driving the share price up then spin out TPW; wrap a big red ribbon around it and then blow it off to a major $10 a share while retaining EXS's property portfolio for the future.

Same for Kidd. Same for Destor. Rinse and Repeat.

End of discussion.