$EXSFF...NOT LONG NOW....No news is GOOD news!! Si
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Posted On: 03/12/2019 12:24:49 PM
$EXSFF...NOT LONG NOW.... No news is GOOD news!! Since June, 2014 when a dear & trusted associate told me about Explor Resources Inc. (TSX.V-EXS; OTCPinks-EXSFF; Frankfurt-E1H1) I have been accumulating a position in the stock. Obviously, as many of you, I watch trading in the equity markets very carefully. The sustained lackluster interest in GOLD has resulted in a long downward trend in the entire Junior Exploration Sector. Explor is no exception to this trend, and has methodically moved to the downside as well. However, recent trading in ‘EXS’ on the TSX.V Exchange has been very, very interesting. Take a quick look at www.stockwatch.com 3Month Closes: https://www.stockwatch.com/Quote/Detail.aspx?...p;region=C. Over the past three weeks, we have experienced two substantial buying frenzies in the stock. The latest was Thursday, Friday, Monday, the 28Feb, 1st & 4th of March. During that stretch, 8,800,000 shares were bought, aggressively, moving the stock as high as CDN$0.04. Before that, during the four trading sessions between February 14th, & February 20th, a total of 7,105,000 shares traded hands. (Monday, February 18th was a Statutory Holiday in Canada). So, somebody bought 16million shares! There is only one reason anybody would buy that much stock, and that’s to make a lot of money. The size of the buying tells me it must be a very senior investor, or group, with a great deal of experience in the Junior Exploration Sector. They appear to be loading up, strategically letting the offers stack up for a period of time, then stepping in and snapping up those offers, minimizing their costs.
Most experts are forecasting GOLD prices as high as US$1,500/oz by year end. I tend to agree with that prediction, as do many of Explor’s largest shareholders I’m in touch with. Apparently, many Central Banks around the world are buying record amounts of GOLD as I write. According to data from the World Gold Council (WGC), Central Bank demand for GOLD increased 74% in 2018. Likewise, holdings in global GOLD-backed ETFs rose 72 tonnes in January to reach 2,513 tonnes (80.8m troy ounces), hitting the highest levels in nearly six years. Bearing all this in mind, this individual, or group, may be convinced the stock will do well moving forward, especially considering the 2010 runup to triple figures when the price of GOLD escalated to US$1,900/oz. Explor’s President Chris Dupont’s dream is to put the Company’s NI 43-101 qualified Timmins Porcupine West Gold Deposit into production. It’s estimated some 200,000 ozs. of GOLD sit at, or near surface, in the Central Pit region of the TPW Deposit alone, grading at 2-3grams/ton. Given the ‘Open Pit’ nature of the deposit, extraction would be highly economic. Even at US$1,200/oz, the gross revenue produced would be US$240million. Given a carefully structured plan, and timeline, the extraction could be done in about 5 years.
It will be interesting to see if the trading trends continue as they have been, and even more interesting should financing efforts on the TPW come to fruition.
Most experts are forecasting GOLD prices as high as US$1,500/oz by year end. I tend to agree with that prediction, as do many of Explor’s largest shareholders I’m in touch with. Apparently, many Central Banks around the world are buying record amounts of GOLD as I write. According to data from the World Gold Council (WGC), Central Bank demand for GOLD increased 74% in 2018. Likewise, holdings in global GOLD-backed ETFs rose 72 tonnes in January to reach 2,513 tonnes (80.8m troy ounces), hitting the highest levels in nearly six years. Bearing all this in mind, this individual, or group, may be convinced the stock will do well moving forward, especially considering the 2010 runup to triple figures when the price of GOLD escalated to US$1,900/oz. Explor’s President Chris Dupont’s dream is to put the Company’s NI 43-101 qualified Timmins Porcupine West Gold Deposit into production. It’s estimated some 200,000 ozs. of GOLD sit at, or near surface, in the Central Pit region of the TPW Deposit alone, grading at 2-3grams/ton. Given the ‘Open Pit’ nature of the deposit, extraction would be highly economic. Even at US$1,200/oz, the gross revenue produced would be US$240million. Given a carefully structured plan, and timeline, the extraction could be done in about 5 years.
It will be interesting to see if the trading trends continue as they have been, and even more interesting should financing efforts on the TPW come to fruition.
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