Replies to post #8513 on Explor Resources Inc. (fka EXSFF)

[pastorboy]

( JUST A RECAP OF WHY WE USE LSG)! Nice #'s but not sure what you are trying to say.#'s are not telling the stories in this market. I own 0 LSG and a boat load and still adding (50,000) this week and more next week, of EXS! For about a year we watched LSG and timmins west mining in partnership drill while we drilled. They hit 81 meters of 11+ grams ! LSG bought them out . That changed the scope of TWP. We at EXS then got our west timmins property because CD knew the area well from working as head geo for Tom exploration company, from a friend. BUT To dismiss LSG as the one who makes all projects go up or down is to dismiss 4 years of watching ( excluding a really long gold filled core someone finds). LSG has a working mill that is now producing gold. They have 76 million dollars in cash and gold inventory.6 projects that are finding gold with Fenn gibb 1.3 million indicated looks like it could be really big. BUT BUT All bets are off if we hit at KC( which again is why we really longs are here). That would put our sp up to at least, or should, to 1-3 dollars. Xstrada is licking there chops and hoping we hit. They have there mill on maintenance (i think) waiting to see what happens with us. EL really looks good but with the finances getting tight we will drill TWP and hopefully hit at KC. All i am saying is we are priced right at .10-13 cents with LSG under .80 cents. I LOVE EXS at these prices!! Cheers PB

[gharma]

You have left out a number of value items when tallying up LSG. It is more than Timmins West and the Gold River Trend, and the royalty they sold does not cover all. You omit, for example, Bell and the infrastructure there, the Fenn Gib property they acquired from Goldcorp, their other smaller holdings, their stash of shares from properties vended out (Mexico and Rainy River area), etc..

oops - was reading the board bottom up, so edit to add to the above post now that I have seen PB's exchange and your later (of low importance) post

Both LSG and EXS are IMO either underpriced or reasonably priced, all depending on how one views the equity risk trade for companies that need (or in LSG case may need) financial help.
LSG just claimed that they well be cash-flow positive in H1 2013 (finally!). They have a lot going for them but bit off too much at one time. It cost them dearly. Relative to what LSG has, definitely has, including ramps and declines down to it, it makes EXS appear to be carrying a premium at 0.1 to 0.15 given the market sentiment for companies without cash-flow. jmo