Hi Pastorboy, not sure why the reply was to my posting, and I take your usage of "you" as generic to the board.
While posting, let me add a couple pennies to the discussion this morning.
You PB if I recall indicated that the long haul could be another 100m in more drills to prove up TPW. I hope that is not before some deep pockets gets interested with $$s where their eyes/mouth are.
IMO the pps is reaping the combined impact of the global market and probability that financing/fund availability could dry up for exploration juniors plus the circumstances of EXS in specific. Even the darlings of the Yukon are today trading at half of their summer peak pps, and those are the well funded ones with drill targets ready for 2012 and the money in hand for their program next year. Of course concerns with weak money positions are being hit even harder.
From all I have seen/heard/read CD is good at his game - geology and exploration. He does not seem however IMO appear to he the correct business leadership for EXS. Maybe I am wrong, but it does seem to me that EL, Destor or other properties could have been worked up more inexpensively to the point where they could have been attractively optioned or JV'd for further development, possibly this could have been done for a couple properties even without further workup/cost to EXS. That would have a) reduced costs to maintain those properties in inventory, b) moved those properties forward sooner and largely at some other company's expense, and most importantly c) added some to the EXS treasury.
It is great to create a wall hanging by hammering brass headed tacks into a nice piece of oak, but you must be able to afford sufficient brass tacks else the project will end up on a pile waiting to be finished. I sort of see us as having a very nice wall hanging about 10 or 15% complete but the cost of tacks keeps going up and the pockets keep getting more and more empty.
AI
