Replies to post #3102 on Explor Resources Inc. (fka EXSFF)

[CDLGold]

That's why I've been saying the JV is the missing link to speed up the process.More funds will be available to find the stacked
veins and mine what you find.
CDLGold

[stpiermj]

Mining Junkie

Very informative post. Thank you. I recall CD mentioning that TPW needs a shaft and I must assume that is what he is pursuing whenever he is talking with a potential partner, don't you think? I am also assuming CD will drill for 6 more months barring any satisfactory deal before then, before he decides to lower his negotiating position he currently is holding. As long as there is money to drill and beef up confirmed resources, then I feel the long term EXS price will be at its highest potential. This discovery is really in its early phase. I think another 6 months to 1 year is pretty reasonable to demand/hold a strong bargainning position. It makes sense to drop a shaft which has the ability to pay for itself. Where would you place it based on what you know thus far? What do you think of hole 30 and its surrounding wedge results for a possible shaft. My calcs on that one hole was over 95000 ounces (rough estimate, 50x50xWidth of gold bearing structure). It also appears to be near the middle of the gold zone.

[DAC64]

Exactly, MJ. The problem is not that the gold is not there. The problem is that it will cost to much to prove it, especially with the size of float we are carrying. We also are sitting on too many properties and are stretched too thin. I suspect that he will eventually have to JV some of those propeerties if he wants to survive (unless he can close a deal with the big partner on TPW).