What is my long term outlook for this company?
As I have thought since May 2007, Explor will get very lucky on one of the "elephant" prospects and be taken out by a major. It could quite conceivably be TPW and the only question is "At what cost of dilution?" If you had gotten lucky back in 2010 and gotten taken out at $300 million of cap, with 75m shares issued and outstanding, we would have received $4.00 per share. Here in 2012 with 140m o/s and possibly soon to be 170m o/s, if a major walks in and pays $300m, we get around $2.30 per share. If we drill off 2m ounces worth $3 billion and you get 10% of that number in value on a buyout, great. We are at 800,000 ounces now with 140m o/s. If you can tell me what the issued and outstanding will be when Explor hits the magic 2m ounce-figure, I'll tell you EXACTLY what my longterm outlook PER SHARE will be. I have every faith in Chris Dupont's ability to deliver those ounces and I love the EXS land package and I love owning a company with assets in the magnificent Abitibi Greenstone Belt of Canada, the most mining-friendly country on the planet.
Hope this clarifies my thoughts. And if anyone disgrees with me, that's ok too, because I own more stock in Explor than anyone else posting in here, unless of course, Dupont is using an alias that we don't know of. My money is where my mouth is and has been for four years plus.
