Excellon Resources Inc T.EXN

Alternate Symbol(s): EXNRF

Metals & Mining Silver

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

Excellon Resources Inc

Bullboard Posts

Post by dselon Jun 27, 2016 11:14pm

218 Views

Post# 25003473

China Stockpiling Silver

https://seekingalpha.com/instablog/839735-katchum/4894539-china-stockpiling-silver

China Stockpiling Silver 1 comment

Jun 27, 2016 5:01 PM | about stocks: SLV

It is not a coincidence that the COMEX registered silver stock went down since 2015 (-1250 metric tonnes), while the Shanghai silver stocks are going up at the same time since 2015 (+1500 metric tonnes). And this stockpiling really accelerated in 2016 when the silver price started to take off. So basically China is buying up the COMEX physical stock. I wonder how long this will continue. The answer, not long: maximum 6 months. Then the silver price will blow up higher, because there is no way China will be selling that silver (at $17/ounce).

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