There is no doubt that the action we have experienced in the metals complex in 2017 has been exceptionally frustrating, especially as the market presented us with several break-out set ups that did not follow through. 2017 has been one of the most challenging years ever within the metals complex. In the past, geopolitical, or, macroeconomic events generated major swings in precious metals. Despite a number of such events, gold & silver have remained static. The notable exception is copper, which has held in the US$3 plus/lb range. The demand for physical gold & silver continues to grow, and supply, especially gold, continues to diminish. So, for whatever variety of reasons germane to long term plans, the powers to be continue to bash precious metals downward.
"Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria." - Sir John Templeton
In my humble opinion, Dupont believes the bubble is about to burst, and is preparing for that eventuality. He believes gold, (and silver, and copper) are going much, much higher in price as we move towards, and into 2018. I totally agree with that belief. EXS/EXSFF/E1H1 has seen $1+ when gold approached its $1,900 highs just a few years ago. With profoundly more asset base in the Company, exponentially greater returns are probable. Further, with an anticipated climb in precious metals, I suspect negotiations with producers will intensify favourably for all shareholders.
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.
Explor Resources Inc. (CVE:EXS) Closes $874,405 of a Maximum of $1,120,000 Private Placement in Flow-Through Units
Explor Resources Inc. (CVE:EXS) Closes a First Tranche of a Maximum of $250,000 Private Placement in Common Shares