Explor Resources Inc. (fka EXSFF)

[Destinator]

Flashminer,

Anyone can discuss borrowing money. Taking out a loan for the purpose of drilling however is another story.

When a company borrows money, lenders get first crack at a company's assets. Borrowing money to drill is not a good option unless you want to put all your shareholders at risk of having their assets seized in the event that you can't pay back the loan. Given that this is an exploration company with no source of recurring revenue, the ability to pay back a loan becomes rather difficult. Hence it is not a good option to borrow money for drilling purposes unless the company has a way of paying the money back.