$EXSFF...MERRY CHRISTMAS... We surely do live in a financial world of ‘smoke & mirrors’. I’m sure even Houdini would be impressed. Given the multiple rounds of Quantitative Easing, we have at least two to three times the number of US Dollars representing the total wealth of the United States. The perceived value of the USD should be, at best, half of what it is. Add to that the Trump administration of tax cuts & a further deficit trillion dollar infrastructure initiative, and in my logical mind, the value of the USD falls even more. How do they service twenty trillion dollars of debt? Further, we have growing demand for GOLD from China & India, and the Muslim world is about to enter the physical GOLD market. You would think Gold’s relevance to the financial markets; trading in the commodity, and equities focussed on GOLD would be moving dramatically higher on a weaker US dollar, and yet, here we are today with a USD as strong as its been in 30 years! My point is, ultimately, it makes no sense to me. The only valid conclusion I can draw is the collusion, and manipulation is on an unprecedented world wide scale, in our case, dictated largely by the COMEX GOLD futures market, who routinely issue tens of thousands of contracts without the underlying physical GOLD to back them up. Much as the Tech Bubble of 2000, at some point, this entire house of cards will come crashing down, and little equities like EXS/EXSFF, with its portfolio of GOLD properties, will have its day. At .07, it feels like buying a Ferrari for the price of a used Volkswagon.
Any way, CD had a great trip to Timmins. He met with the geophysics firm doing the Kidd Downhole IP, and they have commenced work on site. Dupont believes they can complete the process by the end of the year. Their report will provide the insight necessary to determine the best wedging points in the existing holes drilled last summer. We will know what depth to set the wedge, and at what downward angle, to maximize our potential for finding the VMS deposit CD is convinced is there. If all goes according to plan, we should be drilling on site in January.
The lab analyzing the remaining Chester Copper cores has promised the results by Christmas, being analyzed for Copper, Gold, Silver, Lead and Zinc. I’ve heard the visible chalcopyrite throughout all the core extracted was very impressive. I’m hopeful the remaining results will be released before the New Year, and I’m deeply convinced that the 43-101 on the property will need a very serious upgrade.
Geophysics at the PG-101 property have been completed, and some interesting anomalies discovered. I suspect drilling in 2017 will include a serious program at this property. Geophysics continue on two other fronts, but with property acquisitions pending, I have not been able to get specifics at this time.
Lastly, a specific date has not as yet been set for the Teck video conference concerning the drilling program at TPW, but Chris thinks it will be high on their agenda for early next month.
To all of you taking time to read my posts, both Minions, and Dorks, my family & I wish you all a Very Merry Christmas, and a Very Profitable New Year!!
Any way, CD had a great trip to Timmins. He met with the geophysics firm doing the Kidd Downhole IP, and they have commenced work on site. Dupont believes they can complete the process by the end of the year. Their report will provide the insight necessary to determine the best wedging points in the existing holes drilled last summer. We will know what depth to set the wedge, and at what downward angle, to maximize our potential for finding the VMS deposit CD is convinced is there. If all goes according to plan, we should be drilling on site in January.
The lab analyzing the remaining Chester Copper cores has promised the results by Christmas, being analyzed for Copper, Gold, Silver, Lead and Zinc. I’ve heard the visible chalcopyrite throughout all the core extracted was very impressive. I’m hopeful the remaining results will be released before the New Year, and I’m deeply convinced that the 43-101 on the property will need a very serious upgrade.
Geophysics at the PG-101 property have been completed, and some interesting anomalies discovered. I suspect drilling in 2017 will include a serious program at this property. Geophysics continue on two other fronts, but with property acquisitions pending, I have not been able to get specifics at this time.
Lastly, a specific date has not as yet been set for the Teck video conference concerning the drilling program at TPW, but Chris thinks it will be high on their agenda for early next month.
To all of you taking time to read my posts, both Minions, and Dorks, my family & I wish you all a Very Merry Christmas, and a Very Profitable New Year!!
