News Focus
News Focus
Followers 1
Posts 158
Boards Moderated 0
Alias Born 11/24/2009

Re: Tomberry post# 5225

Wednesday, 02/15/2012 10:19:31 AM

Wednesday, February 15, 2012 10:19:31 AM

Post# of 12573
We are all aware of the (personal) vendettas at the SH board. Oh how I hated that Denton guy at the beginning for not believing the EXS story. However I read again his last three posts, and sadly enough, I actually think he is spot on these days. The share price proves him right. His opponents may taunt about having missed numerous runs, yes. But the fact is here we are below .4 again. The large move in SP announced by his opponents hasn't taken place (yet) and so EXS has been dead money for most long-term investors.


The pump crowd's previously effective often times unethical promotional tactics are not effective anymore due to exploration return elements now coming into the scene which can be valued against tangible returns. There is evidence to support the statement that the canon ball run is over due to the market being relatively unmoved by the release of what was obviously a good hole but again represented only one of many others which on average, were bland in comparison. .
The moral of the story is just this: Let the results do the talking and let the pumpers do the walking.
Let the drilling continue for now


Finally some sense comes out of this issue. The size of a porphyry body does not definitively represent a linear relational component towards the potential size of an ore body. If anything, too much of this supposedly good thing can as well have adverse effects on the environments ability to run its course for potential gold deposition due to it having the parallel capacity to displace the volume of other geological components which are as well beneficial to have in place within the overall setting. The primary one for the purposes of this discussion being adequate volumes of high iron thoeliitic basalts (mafic volcanics) which serve to represent the underlying geological reactive component through which the deposit obtains both its associated sulfide and gold ingredients. This particular facet is the major reason why we believe that the higher potential for gold deposition volumes at TPW lay within the north limb of the syncline where higher volumes of such materials happen to exist.
EXS's significant weighting of porphyry dependence within ifs promotional platform is gradually overriding the importance of other necessary environmental components which would be beneficial to have in place to produce a deposit and as such, it's persistent utilization may indicate and give the impression to some that the overall geological setting has limitations in these areas.
Like we said before, the north limb has the greater capacity of the two (north and south limbs of the syncline) for the hosting of greater gold resource levels. Drilling in this region will produce some interesting returns no doubt.
Going out on a limb, a 2 to 3 million ounce resource capacity is being predicted for this project overall. It is unrealistic at this point in time, based upon the consistency and grade of gold per hole returned to date, to propose that it has Hollinger potential. More time and drilling may change this but its also 3 to 5 years away. Major stock price fluctuations will be constrained by actual resource number milestones as well.

The promoted definition of hitting gold on the majority of the holes in reality, only serves to illustrate that anomalous values were encountered over the average hole count (this does not imply overall average economic significance strength per hole,( only baseline environmental background support in scope) and as such, supports the premise that its mention is intrinsically oriented towards the geological environment being encountered reflecting an overall setting of geochemical suitability for gold exploration.
While this is encouraging, the entire HMC trend and all of the participants exploring along strike within this region share this explorative environment capacity and should not be viewed as its presence only being restricted to EXS holdings.

The project has as good a chance of hosing a major deposit as any others would poses along the same HMC system trend but based off of the frequency and consistency of major gold intercepts being encountered on average, has yet to reach a point where elephant statement would be reasonable to use. More time and drilling may change this scenario. Maybe....................
Waiting patiently for the next round of results and the updated 43-101 resource figures.

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today