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Excellon Resources Inc T.EXN

Alternate Symbol(s):  EXNRF

Excellon Resources Inc. is engaged in the acquisition of advanced development or producing assets. The Company is advancing a portfolio of gold, silver and base metals assets including Kilgore, an advanced gold exploration project in Idaho, and Silver City, a high-grade epithermal silver district in Saxony, Germany. The Kilgore project is an epithermal gold deposit which covers over 6,788 hectares, located in Clark County, Southeastern Idaho. The Silver City Project, a high-grade epithermal silver district in Saxony, Germany totaling over 340 square kilometers (km2). The Company also has an agreement to acquire the past-producing Mallay Silver Mine and Tres Cerros Exploration Project in Peru.


TSX:EXN - Post by User

Bullboard Posts
Comment by gildageon Dec 21, 2015 1:14pm
153 Views
Post# 24401734

RE:RE:I averaged down today...

RE:RE:I averaged down today...I apologize for the error in de-watering finish in my post. I see that the completion dates have been altered recently (Dec 15) in the website presentation. I think I was remembering an old chart.

However, I think that there must still be some benefits which will be seen LONG before June (completion Phase 3). Phase 1 sees initial results very soon, and I believe some pumps may already have been placed.  I don't think that it's a black and white, "wait until June and turn the switch on" type of deal. Each phase lowers the water table a certain amount and enables mining a little lower and easier from what exists currently...so (I guess) production just keeps getting better from here on until mid year 2016. In a perfect world, I would expect share price to follow along to a certain extent.
Bullboard Posts