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Excellon Resources Inc T.EXN

Alternate Symbol(s):  EXNRF

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

Bullboard Posts
Comment by Thales42on May 14, 2020 10:26am
121 Views
Post# 31027303

RE:Good Luck All

RE:Good Luck AllKeeper, all the best to you too!

But  do not run for cover as the time for Exn to excell may be around the corner.  Let's work the numbers first.  Current MC is some lousy CAD $68 mill of which 22 mill is Otis.  The remaing 44-45 mill include the cash in treasury, including the 3 mill shares in WM or roughly another 10 million. So it leave us with 35 mill for the Platosa mine, the mill, Evolucion tenament and last but not least the Silver City option. Speaking about the posibility of exploring silver in Saxony, I recently talked with a professional who routinely covers miners in Seeking Alpha. I asked him about the business environment in Saxony, as he is Polish and as such looks across the border. The short story is, according to this author, the business climate in saxony is superior to the one in his native Poland, which is considered by many to be the emerging economic tiger of the Europe.

All this is to say that Exn is Uber-undervalued and oversold (with some credit going probably to Sprott people in anticipation of the next private placement).  And yes, Capitain Excellon is a lousy mining CEO, but a superior project generator buiding a portfolio of good projects. 


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