Rouyn-Noranda, July 11, 2017 AEST (ABN Newswire) - With GOLD at recent lows, its nice to see EXS/EXSFF/E1H1 holding the prevailing .065-.07 level. That represents a Market Capitalization of just over $10 million CDN. Let's look at the company's 'Cap' for a minute. The Timmins Porcupine West GOLD deposit alone, with 1,000,000ounces at say $100/oz is at least $100 million. The Chester Copper deposit in New Brunswick is easily worth at least $200 million, presuming I got all the numbers right? The East Bay, PG-101, Kidd & Ogden property blocks have got to have a combined value in the tens of millions to the right buyers? Other corporate assets are all properties of merit that I'll disregard for the purpose of my little exercise. Dealing only in the assets mentioned, our Market Cap should be in the neighbourhood of $300-350 million!

From my perspective that translates to a relative $1.95-2.10 stock price. I can hardly wait for the reaction I'll get to that assessment from my favorite professional bashers! I have listened to, and read literally dozens of interviews, and articles, on the future value of GOLD in USD. Experts with tremendous credentials agree, almost without exception, that GOLD will have a run up to at least USD$1,400/oz. Some, like Rob McEwen, founder of Goldcorp, has stated publicly he believes we'll see that, before the end of 2017. His company McEwen Mining is on an expansion plan that includes acquisitions in the Timmins Porcupine Camp.

Again, reiterating my recent question, 'Why in the world would Goldcorp be spending $2 billion on a 50,000 ton/day mill, and very quietly acquiring potential production in the Timmins Porcupine Camp?'. Globally, GOLD supply has been on a diminishing trend against a growing demand. All the Big Boys know this, and are preparing for a highly anticipated GOLD Bull Run Up, gearing up facilities, and methodically acquiring properties. Given Explor's assets, Dupont's recent Toronto trips, and Cheshire grin in the video interview released last week, my gut tells me we may be on the cusp of a major announcement, which could have a profound impact on the equity. His absolute refusal to speak to the trips speaks volumes to me.

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 CVE:EXS

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.

     



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