RE:New Press Release - Excellon Provides Corporate Update Based on this NR, it looks like Excellon continues to make process in making one or more deals to unlock the value of Excellon's current assets, which currently have a present value of well over US$100 million, soon with or without the La Negra deal. The La Negra deal adds over US$100 million to Excellon's present value, but comes with the dilution of Excellon's stock. Excellon seems to have initially underestimated the time needed to get the La Negra deal done, but continue to make progress toward that end. Per NR, “We continue to advance our proposed acquisition of La Negra", "We continue to strongly believe in the forward-looking value proposition of the acquisition for Excellon and our shareholders". Regardless of which one of these deals comes first, Excellon looks to be an incredable opportunity for both investors and shareholders. As soon the finalization of any one of these is announced, Excellon's market cap may finally begin to reflect the actual present value of all its assets which are discussed in the below video and arguably worth over 10 times what its current market is today.
| | Shawn Howarth, CEO of Excellon Resources, tells Mining Journal Select how he is unlocking the fundamental value of the company’s assets, from the development... www.youtube.com |