From Gary at IR:
The ihub message board have some questions for you (Gary's answers are in all CAPS):
From 23901: Can u ask Gary in your next round of questions if Cd still thinks that 3 million is achievable by end 2013. Most of us ihub seem to doubt after the updated resource release yesterday.
WE KNEW THAT THIS ROUND WAS THE WEAKEST SINCE THE DRILL RESULTS FROM THE LAST HALF OF 2011 WERE NOT AS GOOD AT WHAT WE ARE CURRENTLY GETTING. THE INTERESTING THING IS THAT THE MORE WE DRILL THE MORE WE FIND THE HIGH GRADES THAT WE CAN DRILL OUT 25 AND 50 METERS FROM, IN MULTIPLE DIRECTIONS, WHICH IS WHAT GIVES US THE BIG INCREASES IN 43-101. SO WE HAVE HIGH EXPECTATIONS FOR DECEMBER AND BEYOND.
Could you also ask how many months of drilling the Company has left before next financing and how many further rounds of financing before he expect to reach 3 million as CD mentioned on BNN video?
DRILLING MONEY WILL LAST AT LEAST THROUGH DECEMBER. THAT GETS US TO JUNE 43-101 RESULTS (IF THERE WERE NO WAY TO RAISE MORE MONEY) CHRIS THINKS IT WILL TAKE ONE MORE RAISE OF ABOUT $10 MILLION TO GET TO 3 MILLION OUNCES
Also, will there be a teleconference by cd soon ? NOT SURE, I WILL HAVE TO ASK HIM
From CDLGold: Could you ask Gary how many holes were on this last NI43-101?
IT WILL ALWAYS BE BETWEEN 35 AND 45 HOLES EACH 6 MONTHS, LIKE I SAID, IT IS MUCH MORE IMPORTANT TO KNOW WE HIT A HIGH GRADE ZONE THAN TO KNOW THE NUMBER OF HOLES BECAUSE THE GRADES ARE NOT CONSISTENT.
From Tomberry: Please ask Gary what will happen if they cannot secure anymore financing? Is there any kind of contingency plan in place to get the company sold at some price?
IF WE ARE NOT ABLE TO RAISE MORE MONEY, WE EXPECT TO BE OVER 2 MILLION OUNCES AND I ASSUME A JV WOULD OCCUR
From bywisdom: Would the company consider selling TPW with a resource of less than 3mil. oz.?
IF THE PRICE IS RIGHT WE WOULD SELL OR JV
It was my understanding that the PPM institutional investors would support the share price (any idea how willing they are to do that in the future, if needed)?
THAT WAS MY UNDERSTANDING TOO, BUT WHEN THE SECTOR DROPS THE WAY IT HAS, MOST INSTITUTIONAL FUNDING ALSO TAKES A HIT AND PULLS BACK, YOU CAN SEE THAT IN MANY COMPANIES RIGHT NOW
How many drill hole results are still to be released soon?
I CAN'T ANSWER THAT ONE, I KNOW WE HAVE HOLES AT THE ASSAY LAB, WE JUST DID A RELEASE ABOUT 3 WEEKS AGO.
Also, is there anything you can tell us about the meeting in NY Chris had attended where there were only a few companies invited?
EXPLOR PRESENTED TO SOME FUNDS AND HIGH NET WORTH INVESTORS AT THE PRINCETON CLUB.
Sorry, I know these are tough questions - we appreciate any information you can provide us.
HANG IN THERE, THE MARKETS WILL TURN AROUND. THE FUNDAMENTALS HAVE NOT CHANGED WITH EXPLOR, IN FACT THEY HAVE GOTTEN BETTER.
