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Tuesday, 01/03/2012 1:28:39 PM

Tuesday, January 03, 2012 1:28:39 PM

Post# of 12573
Just a thought...

I like to play the other side of things so that I can get a realistic view of my investments. I did that with explor this morning. The only negative I can come up with is Time and Money (shareholder dilution) its going to take to prove up so many ounces.

So my thought is this... Whats another 50 million shares of dilution (If we even need to get to that point) on a geological structure that holds, lets say, 30 million ounces of gold at $1600/ounce ($48 Billion in situ). The $100 million to put the shaft into the ground is peanuts to major who wants to get at that gold.

Even at only 5 million ounces of mineable gold..... thats $8 billion of in situ.... even then, a $100 million shaft down is nothing for a major...

Now lets compare that to whats going on in the Yukon..... How much is it going to cost to develop the Infrastructure needed to produce all the gold they are finding up there.... Do you think it could be more than $100 million dollars?..... I would venture to say that it is going to cost a whole lot more than that.... Explor on the other hand.... Thats one of the best things about the property!

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