Explor Resources Inc. (fka EXSFF)

[RetireToday]

Mini Glory Hole #73W5 Noted in 8-21-12 PR

Known:
7.65g/tonne Gold over 33.2 Meters for hole #73W5
2.79 tonnes per cubic meter rock density at TPW (43-101 section 14.9)
$21.8M current Market Cap

Assumptions:
Chris can get $400 per ounce at the buyout

I have calculated the cubic meters in a cylinder around the 73W5 hole using a 12.5M radius and 33.2M length.
16,289 cubic meters
45,446 tonnes of rock (16,289 x 2.79)
347,659 grams of Gold (45,446 x 7.65)
11,589 ounces of Gold (347,659 / 30)
$4,635,452 Added Value from one hole today for Chris (11,589 x $400)

The potential leverage in the Junior Mining stocks is amazing and sometimes very exciting.
IMHO I think we could still be under a buck when the announcement is made that a Major is purchasing TPW for multi-dollars per share. The ounces are building, Gold price is beginning to gain momentum, and the Majors stalking this property are understanding the geology more with each PR. Purchased my first 100,000 shares at .30 in June 2009. In for the long hall, which hopefully will be sooner than later. Good Luck everyone!!

P.S. Anyone have additional info on the 2 drill holes on the North side?