Explor Resources Inc. (fka EXSFF)

[redinvest]

Doug, I agree. It would be nuts to accept any kind of buyout at this moment for TPW. If any buyer or major is trying to suppress the share price, they are just throwing away their money. This is CD's big dream in life. He's not selling on the cheap. However, the JV is a feasable idea.

Also, I think we can start to evaluate TPW based on the N43-101 reports. I think the first one is going to come in real light, probably around 250K ounces. Valueing them at $1000 an ounce, leaving alot of room for any future major to make money on the buyout, and dividing by the OS, we arrive at a price of 2 dollars per share. That's a good starting evaluation, because there's alot ofroom between 250K ounces and 20 million ounces.

JMO

Red