RE:hate to do this, but again...Looks good now. Annualizing this, we could be getting close to CAD 20 million in cash flows which would put the M.Cap at about 9 times this number.
Now this could be cheap or expensive depending on how their resource base grows... I think we have reasons to believe that excellon could easily push this 2.4MOz annual production to 4 MOz at platosa in about a couple of years.
But the discovery potential is what thats the most exciting part of Excellon... At platosa as well as Miguel Auza... we should expect a number of results during Q3 and Q4 which should bode well for the stock.
But looks like the downside is extremely well protected here.