Replies to post #499 on Explor Resources Inc. (fka EXSFF)

[saskwatch]

Thanks for sharing DMO.

In regards to this response from Gary:

"EXS will not sell until we can prove out significant deposits to ensure a very high price, however a JV could be considered if the deal were right".

What I wonder is at what point is the model proven sufficiently that the reserves at TPW can be quantified? Is it another 6 months of drilling or, given the nature of the vein deposits is it more likely to be 3 years?
Also, as a corollary to this, will the company be content with the bulk of the resource being classed as an inferred resource of, say, 20 million ounces or will it want to drill enough holes to get the reserves to measured and indicated status or proved and probable status where they will be worth more?

Bueler, anyone?

[redinvest]

Dmoinvest, thanks for your due diligence. Explore's plan is exactly the way I would have wanted it to be. Take the assets individually and slip them into seperate corps, perhaps even offshore for best tax consequenses.

Even though JVs and such can or should not be finalized before many more holes are dug on each asset, the fact that it looks like that we find some gold and glory will jack up the share price. Exposure is definitely needed, Some PRs and events.


JMO

Red