Nothing changes , nothing new ..... The sharp sell off in Gold and Silver should not be a big suprise and as a result we see a drop of the EXN share price .
So what ?!
I say it over and over again !! we need that new energie contract because that will have a great impact to the AISC at Platosa to bring EXN into the cash flow every $ is welcome to avoid future dilution. This is the homework that has to be done first.
If anybody hopes for great results out of Silver City to sell his position , maybe it works ?! if the Silver price finds support around 22,50$ in that case better sell fast...
But to profit at the end of day from the real potencial here imo we have to wait what they have in store for Kilgore , the PEA shows AISC from 835$ without the Silver kicker, that was not includet in that. Its easy ( and cheap ! ) to add Oz there by drilling the shallow oxide zone to close Gaps in the modell and even the Aspen formation with the higher grades is not that deep.
I was invested in Otis because i saw ( and still do ) that at the end of the day there is a good chance to see AISC below 700$ and that will bring Value !!
I see so far Silver City only as the cherry on top of the Kilgore cake so i hope that they will come out with news about Kilgore soon.
Nobody can see what the market will do during the Fall/Winter , likely we will face a roller coaster
but for the mid and longterm there is hope imo.