Excellon Valuation Calculation
Excellon Valuation Calculation
I see on 1/21/2013 bows33 posted an Excellon Valuation Calculation.
Listed below is an Excellon Valuation Calculation that I’ve posted on this board before that I thought I would update using current silver, lead & zinc prices.
In Jan 2012, according to the following Seeking Alpha article, silver producer Minefinders was taken over by Pan American at a valuation of approx $5/oz of Silver in the ground. I used this $5/oz of Silver (equivalent) in the ground for this Excellon Valuation Calculation.
https://seekingalpha.com/article/322684-surveying-14-silver-stocks
Please note that this calculation does not assign any value to the gold properties that Excellon acquired from the Lateegra takeover last year.
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Excellon Valuation
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Management Discussion & Analysis- Nov 13, 2012
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https://www.stockwatch.com/nocomp/newsit/newsit_sedardoc.aspx?docid=2777694
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p.16 Common shares outstanding =
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275,179,467
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p.16 Stock options granted =
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12,620,136
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Total =
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287,799,603
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Dec 1, 2010 Investor Presentation
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https://www.excellonresources.com/site/SiteResources/ViewContent.asp?DocID=135&v1ID=&RevID=555&lang=1
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p.11 - Large tonnage Mexican CRDs
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Gross metal
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Equiv
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Deposit
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Tonnes
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Ag g/t
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Pb %
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Zn %
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NSR $
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value $/t
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g/t Ag
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San Martin/Sabinas
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80,000,000
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125
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1.0
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4.0
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$132
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$234.73
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227
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Santa Eulalia
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50,000,000
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310
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8.0
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7.5
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$270
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$661.49
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639
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Naica
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35,000,000
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213
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4.0
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5.6
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$194
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$428.70
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414
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Ojuela
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6,000,000
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475
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15.0
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10.0
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$482
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$1,047.06
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1,012
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La Encantada
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3,000,000
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250
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5.0
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7.0
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$209
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$519.05
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501
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Platosa Mantos
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579,000
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909
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9.1
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10.5
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$600
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$1,368.68
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1,322
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July 31/11 RPA
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706,000
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853
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9.2
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10.7
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$1,315.66
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1,271
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Silver US$/oz =
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$32.19
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Lead US$/lb =
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$1.06
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Zinc US$/lb =
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$0.93
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Equiv
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Ag oz
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Ag
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Value in the
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Value/EXN
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Deposit
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Tonnes
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g/t Ag
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$/oz
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ground
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total shares
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San Martin/Sabinas
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80,000,000
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227
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583,366,832
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$5.00
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$2,916,834,159
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$10.13
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Santa Eulalia
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50,000,000
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639
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1,027,482,373
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$5.00
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$5,137,411,865
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$17.85
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Naica
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35,000,000
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414
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466,122,142
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$5.00
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$2,330,610,712
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$8.10
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Ojuela
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6,000,000
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1012
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195,164,196
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$5.00
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$975,820,979
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$3.39
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La Encantada
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3,000,000
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501
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48,374,134
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$5.00
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$241,870,670
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$0.84
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Platosa Mantos
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579,000
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1322
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24,618,333
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$5.00
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$123,091,666
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$0.43
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July 31/11 RPA
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706,000
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1271
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28,855,379
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$5.00
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$144,276,896
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$0.50
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Nov 2011 RPA 43-101 Technical Report
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TABLE 1-2 MINERAL RESOURCE ESTIMATE SUMMARY
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AS OF JULY 31, 2011
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Excellon Resources Inc. – Platosa Property
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https://www.stockwatch.com/nocomp/newsit/newsit_sedardoc.aspx?docid=2534535
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p. 1-7
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Tonnes
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Ag g/t
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Pb %
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Zn %
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M + I
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637,000
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836
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8.95
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10.58
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Inferred
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69,000
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1011
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11.35
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11.34
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Total
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706,000
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853
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9.18
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10.65
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