Explor Resources Inc. (fka EXSFF)

[Flashminer]

I read through my notes from the last PDAC and EXS regarding the north limb and I couldn't find anything that would suggest that EXS was planning a drilling program for the north limb. I've always assumed the south limb is the key to get the property sold or a partner interested in a joint venture.

I don't see the company's cash situation a problem. There's sufficient cash to drill over the summer so there's time to evaluate different methods of financing. The one they have preferred is issuing more shares through private placements. I'm no fan of this method, especially when it's not me doing the private placement.

Running low on funds is nothing exceptional when it comes to junior exploration companies. As long as you have shareholders that are ready to pay the bills or you can find new shareholders to do that there are no problems with the company as a going concern.