Where we are !?I understand and agree when we talk about the underperformens of EXN in the past , so far i saw that we can not give all of that to the management but whatever.
We are here in a new situation , the market changes , the bulls on the way and even when we can expect a correction in Gold and Silver i can not see that we could see much lower prices.
The Otis deal was great for EXN , robust PEA at 1300$ Gold , yes only 5 years LOM so far
but that will change fast by add more Oz with a fall drill program and bring in the Silver kicker wich is not includet in the recent PEA. Its a shallow deposit makes drilling cheap and fast.
I expect to see in AISC comming in sub 800$ in a updated PEA as i think we can see fast 1,5 M Oz. That alone is worth a lot.
Silver City is a story for the future but still.....
So again where are we !? imo :
we will see , June Nr. soon wich is important to see how much progress they made there.
we will see , first results comming out fromm Silver City.
we will see , anounce of a drill program at Kilgore.
we will see, the rollback and the listing at the NYSE Americans. And i believe if that is off the table the SP will benefit.
And i expect all that in the next 6 weeks , after that we can talk again with much better informations. Sharing emotions is not the best adviser imo.