RE:RE:RE:RE:RE:New interview Cahill's latest interview offers some food for thought. Although nothing he said is new to current shareholders, some of his statements provide I think some clues for things to come.
Examples, in 2021 expect drilling in all of Exn's four projects:
drilling in Platosa to extend LOM and continuing exploration of greater Platosa; continued drilling in Evolucion ( as mentioned the technical report calls for $4.5 mill budget); resuming drilling in Kalgore; and last but not least Silver City.
Realistically Exn would need a yearly exploration budget of no less than 20 million CAD to be able to finance all of the above. The big questionis, can Exn and its CEO prove all doubters wrong by self-financing future explorations?
2021 is shaping to be a BIG year for Exn - best case scenario - Exn geting its mining and milling cost under control and capitalizing on rising silver prices. Example, a 2 -2.5 mill ag eq production in 2021 and an average AISC under or about $20 and expected average Ag price of US $30 should generate roughly $25 million CAD free cash.
I am cautiously optimistic
at least 4
Example, he does refer to continuing drilling in Platosa to expand LOM