Replies to post #8461 on Explor Resources Inc. (fka EXSFF)

[curtis2]

CDLGold,
I was more interested on what the board had to say about why someone like Ballanger would back something one year and the next he's out. All I can personally think of, is things change enough for some people to warrant a move. That is the beauty of investing, having choices and no one to blame except myself. I do not purport that I am an "expert" when it comes to picking company's I hold stock in. One like EXS and the run it has had and the projected upside is like any other decision I may make. Should I stay or should I go. I have been following this board for awhile and find it interesting that aggressive behavior is not tolerated but passive aggressive is. I rarely post but today has taught me a thing or two about some of the personalities on this board.
Blessings and Good Investing to you too CDLGold

[gharma]

After we reach a certain plateau of gold,the diluting should end.
I don't see that . . . it could only happen if the company had sufficient treasury to carry its property obligations and minimized burn and it went into a waiting mode . . . which would probably be suicidal.
CD will build a shallow mine,if no offers.
I thought CD had no desire whatsoever to get involved in development. Such would require even greater funding than would continued drilling. So these two comments just do not work together at all.
Not sure if you caught the impact of an earlier comment, about 1.5M Oz would have to be worth $12 per in-ground Oz, also not sure I am reading into it the intended, but that is $18M and with 188M shares fully diluted, well you can do the math . . . and when I look around at undeveloped properties in good jurisdictions, politically and by infrastructure and nearby mining, I am seeing market caps that reflect even lower in-ground values.
IMO at this point it depends on not just the next NI43-101, at least if the new resource is not way higher than expected, but it also depends much on seeing the ability to raise funds to continue. If the burn rate remains similar, and to continue another year comes to $4M including costs for resource estimate update, maintaining other property obligations, and maybe some minor work on KC, all of which is probably a stretch within $4M, with a half warrant per placed share then we are looking at increasing the fully diluted by a third of what it is now if share price remains where it is or a touch better.