T.EXN. OutlookDon't be scared away from Excellon by the dramatic share price adjustment over the last quarter. This stock was $.195 a year ago and rose to over $2.20 in nine months....too fast too soon. The last three months the price has adjusted to its current level (1.44) and may fall a bit more b4 it stabilizes. I believe the share price will begin another climb once we crossover into 2017 and the optimization program is complete. Once we're into 2017 we will start to see large production increases, significantly lowered total mining costs, higher grade ore and all of this will lead to a big jump in profitability, cash flow, and share price.
Silver forever has it right in his post! Sheepbaaa was accurate in calling the share price adjustment recently experience but he is "dead wrong" in his assessment of the investment potential to be realized in Excellon stock. Study Silver Forever's post carefully....I believe 2017 will be a blockbuster year for Excellon and probable favorable exploration results and increases in the prices for silver will be big bonuses.