A Deal Looming?
Rouyn-Noranda, Sep 28, 2017 AEST (ABN Newswire) - On a number of occasions, I have suggested our fate lies in the price of gold. Generally speaking, that price has been a function of the undulating $USD, sensitive to the relentless musings of the Federal Reserve, and geopolitical events. Most of us with holdings in any gold related equity follow a variety of websites, and newsletter writers, in an effort to better understand the future value of gold.
Recently, some opinion suggests that value will see a retracement, representing a great opportunity to buy into physical gold, futures contracts, and gold equities. A prevailing 75% of the writers I follow are very bullish on gold moving forward, with opinions ranging from USD$1,400/oz, to an unbelievable $10,000, projected as early as year end. As an ageing parent & grandparent, my financial legacy is of paramount importance to me, so my research, & subsequent decisions, take on an even deeper meaning than ever before.
So, why do I keep buying more Explor? Firstly, I love the current price. Secondly, I know, and have come to respect, the Company's management, and their professionalism. Most of all, following another reading of the Company's Management Discussion & Analysis (MD&A) found at www.sedar.com, you can't help but be impressed with the hectares, and hectares of prime exploration projects on the Company's books. The first 35 pages of the report are devoted to the history, and progress to date, on each & every Explor property asset.
Dupont has made at least three trips to Toronto over the past few months. I've heard a number of CA's (Confidentially Agreements) have been signed by parties interested in looking at specific properties, or Earning-In on others. Would he really be planning $2million in fall drilling campaigns to extend the resources at the Timmins Porcupine West gold deposit (TPW), and the Chester Copper Deposit, if he wasn't completely convinced he would have the money? Names like Tahoe, Goldcorp, Osisko, & McEwen have come to mind, & mentioned as realistic candidates for possible deals. So, my contention is that we're close to a major announcement.
NOTE: This forum commentary was published from a third party source. It has not been verified by the company.
About Explor Resources Inc.
Explor Resources Inc. (CVE:EXS) (OTCMKTS:EXSFF) (FRA:E1H1) is a Canadian-based natural resources company with mineral holdings in Ontario, Quebec, Saskatchewan and New Brunswick. Explor is currently focused on exploration in the Abitibi Greenstone Belt. The belt is found in both provinces of Ontario and Quebec with approximately 33% in Ontario and 67% in Quebec. The Belt has produced in excess of 180,000,000 ounces of gold and 450,000,000 tonnes of cu-zn ore over the last 100 years. The Corporation was continued under the laws of Alberta in 1986 and has had its main office in Quebec since 2006.
