I started accumulating a position in Explor Resources Inc. (EXS/EXSFF/E1H1) in June, 2014.
Why do I continue to buy this Company? Fundamentally speaking, management is sound, and infinitely qualified. A major German Investment Fund owns a large position. A major Montreal brokerage firm owns about 8-9% of the outstanding float. The Company owns a dozen attractive, large gold & copper rich mineral resources, at various stages of exploration. Two of those properties have NI 43-101 Resource Estimates.
All their properties have been meticulously assembled over a number of years. Currently, the Company is working on developing Joint Venture Agreements, and possible Earn-In Agreements. As I suggested in my last piece, we're in the calm before the storm. Any form of Agreement with a mid tier, or major producer, will be accompanied by shareholders of those producers acquiring shares of Explor.
For example, we saw this in a huge way with Tahoe shareholders buying Lakeshore Gold, on the rumoured takeover bid, months before becoming formal. Coincidentally, Tahoe's production facilities border the Company's Timmins Porcupine West gold Resource (TPW) to the west.
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.