RE:RE:RE:RE:RE:RE:RE:RE:RE:This effing stock...... Good point silverforever. I only hope that current Exn SP performance is, in the words of the Feds Chair Powell, only transitory.
Have been thinking about Exn share plight and what is that hinders this miner. The usual sispects - over promises and under achievements, breaking own promises, management reputation of being nice guys but lousy miners, have been discussed at lenght and won't be repeated.
What I would like to talk about is another side of the new Exn that I think has been largely ignored. It deals with what exactly is the new company - a junior producer, an explorer, a developer or a combination of all of the above. It seems to me that the lack of clarity and the lack of clear directions from the company may be also a contributing factor to the recent less than stellar share performance and here is why.
Since the the last year PM price spike, the producers have seen multiple appreciations of their valuation and the same also applies to explorers with good projects. The category of developers, on the other hand, fared disproportionally worst because of the perceived risk associated with ther project developments.
Back to Exn, I think the Market is having hard time figuring out how to value Exn. based on its current valuation not only Kilgore and Silver City are assigned zero value, but worse, they may have dragged overall Exn valuation down.
The sweat spot right now for Exn is to aim to become a multi mine emerging producer by adding an additional mine to Platosa. It seems counterintuitive initially, however, it will become clearer if you compare the time and cost to explore and the develop both Silver City and Kilgore.
So I was thinking of the stated EXN objectives of prioritizing Kilgore and exploring Silver City project and shafting Evolution at the same time ... and the more I am thinking, the more I am convinced that Exn could be more prosperous and derisked in a near and mid term by bringing Evoluciaon to production as the second mine.