Explor Resources Inc. (fka EXSFF)

[Flashminer]

I'm a frequent reader of this board, but this is my first post. Hopefully my ten cents worth of knowledge is worth something to you.

My thoughts regarding the NI43-101 update is somewhat contradictory to the general sentiment here. I remember reading about the 1,5M oz milestone in different newsletters and personal emails. The general message was that 1,5M oz would be reported during 2013. Now this newest update is up to December 2012 and doesn't include drilling done in 2013. I would expect EXS to be closer to that 1,5M oz in the next resource update.

Also it is important to note that drilling is now focused on shallower depth which means less gold than what they've reported at deeper depth. That also reduces the amount of gold reported in the NI43-101 update compared to what would be reported had they focused on deeper depth.
Keep in mind that it is easier to sell open pit operations than it is to sell a resource that requires a shaft.

It is also worth noting that EXS expects the north limb to be of similar formation as the south limb. So whatever they report on the south limb should also be found on the north limb. Especially since the current resource base is only at 1M oz you can easily double that when accounting for the north limb.

With all this in mind I don't see how the long term potential of TPW is in anyway lost. Nor do I see any reason why EXS couldn't capitalize on that potential.

My advice is to follow the drill results that EXS publishes. They are hitting gold at levels between good enough and excellent. If the drill results start turning in blanks then it's time to get worried.