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Excellon Resources Inc T.EXN

Alternate Symbol(s):  EXNRF

Excellon Resources Inc. is engaged in the acquisition, exploration, and advancement of mineral properties. The Company is advancing a portfolio of silver, base metals and precious metals assets The Company’s project portfolio includes Kilgore, Silver City and Evolucion. The Company’s Kilgore project is an advanced gold exploration project in Idaho. The Kilgore gold project is located in Clark County, Southeastern Idaho. The Kilgore gold project comprises 614 lode mining claims and consists of approximately 6,788 hectares (ha). The Silver City is a high-grade epithermal silver district in Saxony, Germany. The Evolucion property covers 31.28 square kilometers (31,280 ha) and 17 km of strike along the Fresnillo trend, a silver district.


TSX:EXN - Post by User

Bullboard Posts
Comment by Dave4444on Jun 23, 2006 2:12pm
417 Views
Post# 11026482

RE: Quite on BB-Comments Financials

RE: Quite on BB-Comments FinancialsObviously, these deposits and ore grades are extremely profitable. Without the silver debt losses (basically hedging losses) which will eventually be fixed up, the profits would be large. In any case they are generating a lot of cash. Now to just keep finding more of the high grade stuff. PS: The hedging losses on the silver debt are peanuts compared to the value of the ore found to date, for every dollar lost on the debt as the silver price climbs, the value of the ore deposit goes up by multiples. As such, the losses are very misleading, as losses actually mean more profit in the long run.
Bullboard Posts