Explor Resources Inc. (fka EXSFF)

[STR8Shooter2012]

buy the dips; sell the rips...

The chatrooms and the newsletter followers run the stock up from $.225 to $.50 with no real news to report and you wonder why it backs off?

The market is paying $35 per ounce for juniors which puts (a company which I DON'T own) MGP.V in the $54 m market cap area based upon 1.5m ounces. EXS has .7 m ounces and is capped at $58m with a m.c. per ounce @ $100. Until EXS demonstrates a high probability of adding ounces in the near term, while I have no doubt that they will surpass the 1.5m ounce number OVER TIME, this market will gravitate toward the norm for junior developers which is (right now) around $35 per proven 43-101 compliant ounce.

I am convinced that EXS is en route to a multi-million ounce resource but until markets heal up, the big fund managers that got wasted in 2011 will stick to proven resource companies trading around the norm until drill holes convince them otherwise.

So good luck to all and let's look for continued healing in our sector.