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security01

05/11/11 6:00 PM

#1219 RE: TMehl #1216

Yes your reading it wrong , its called wishfull thinking , he may have put it in bold but he did that in the last PR and look what we got , one third of what we were all led to believe and were expecting , i would not read too much into it , too much disappointment otherwise .
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bywisdom

05/11/11 6:23 PM

#1222 RE: TMehl #1216

That statement points out what you, TM, have stated in the past - the management team at EXS is really good at understanding geology and structure. So, they gave us a clue to their focus right now??? Perhaps, this is a good question to ask CD or Gary???
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Destinator

05/12/11 9:32 AM

#1228 RE: TMehl #1216

I totally agree - TMehl. I also agree that there is a large amount of investor fatigue in this stock. The leaks and innuendo continue to create high expectations for a glory hole and then reality sets in when we see 'only' 8 grams. The fact is that even though 8 grams is lower than we all hoped/expected to see, 8 grams is still a terrific grade. The depth of the ore and the layered geology is why CD wants to get funding for what amounts to be a shaft that would allow for horizontal drilling instead of holes spaced at 50 to 100 meters. This 'shaft' can then the be turned into a mine shaft used to bring miners up and down instead of exploration drillers. The expenditure on such a shaft is added to the value of an exploration company since once the exploration efforts are completed the mine is that much closer to getting production going.

The market fatigue however is settling in at a time when the 'Sell in May and Go Away' flu hits most stocks. Hence a glory hole vaccine was needed to jettison this stock. That did not happen. As I stated in another post (on Stockhouse) 'long term investors WILL benefit'. Short term - its anyone's guess.