RE:RE:RE:RE:Back to realityUntil late Fall 2019 Exn was a one pony show with all attention and hopes firmly linked to Platosa. Exn management beat to death Platosa potential with discovering more Platosa-like mineralizations. This turned out not to be the case. Also Exn management made it the top priority to optimize Platosa mine and double production and cutting cost in half. This also turned out to be empty promises.
If Silver City and KIlgore are long term exploration and development projects (three plus years), the risk of their development is now switched once again to Exn shareholders. 2013 - 2019 was the time Exn shareholders paif the price of "derisking" Platosa. 2019 to at least mid 2020s Exn sharehiolders will be asked to bear the risk. I paid the price of supporting Exn in 2013- 2019 period when sky was the limit for re-energized post- optimization Platosa. I urge you to remember this when Cahill tries to sell you the "future" of Exn. This is to point out the discrepancy between the high risk ( which is a certain proposition) and rewards (which remain to be seen).
In conclusion, as I see it, Exn has proven in the past to be a high risk-low return proposition. Being a small and yet unproven miner, makes it very diffcult for Exn to develop Silver City and Kilgore at the same time. Exn simply lacks the critical mass, the knowledge and the experience of successsful miners. As such, Exn may meed to divest, enters into JV arrangements or agres to be taken out.