Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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

Comment by silverforeveron Dec 06, 2020 10:30am
174 Views
Post# 32045838

RE:RE:RE:RE:RE:Back to reality

RE:RE:RE:RE:RE:Back to realityThe reality is this "one pony show" has had many huge gains in its stock price over the years and I have been lucky enough to participate in all of them. One of its largest was in 2015/16 when people were saying the same things about the company just before its stock price went from $.90 to $8.50/share adjusted, an over 800% increase in the stock price. Back then Excellon averaged over $25 AISC, had lower production numbers, no discoveries, no Kilgore, no Oakley, no Silver City, no gold, no Wallbridge mining stock and gold and silver prices were about 35% lower.  What it did have is a lot of coverage due primarily to Eric Sprott buying Excellon's stock and acquiring a large position in the company. That in itself improved the company's perception, credibility, exposure to investors and most importantly generated huge positive momentum in the stock price. I think Excellon can do the same or better this time around with a similar catalyst and the current precious metals bull market. Remember, Excellon's stock once traded around $50 per share adjusted, with arguably a fraction of the discovery potential it has today, so the history of much higher stock prices is on the company's side. With the current string of financial and production improvements, additional mineral resources and many opportunities for new discoveries, the potential is certainly there. At Excellon's stock current low price and trading volumes, averaging 40,000/day since on the NYSE American, it should not take a lot of additional buying of the company's stock to repeat a huge and quick rise in the company's share price. On 5 Nov.  for example, on a volume of just 126,000 shares traded, Excellon's stock price rose 26%. One can imagine just how high  and quickly Excellon's stock price could go up if a major investment firm, brokerage house, stock market analyst and/or a respected well known investor made positive comments about the company as Eric Sprott did in the past and could possibly do again at any time. When that happens and based on the company's stock price history, I think new all time stock price highs are not out of the realm of possibilities putting the risk vs reward equation on the side of Excellon's shareholders once again. We shall see.  
<< Previous
Bullboard Posts
Next >>