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Excellon Resources Inc T.EXN

Alternate Symbol(s):  EXNRF

Excellon Resources Inc. is engaged in the acquisition of advanced development or producing assets. The Company is advancing a portfolio of gold, silver and base metals assets including Kilgore, an advanced gold exploration project in Idaho, and Silver City, a high-grade epithermal silver district in Saxony, Germany. The Kilgore project is a caldera-related epithermal gold deposit which covers over 6,788 hectares, located in Clark County, Southeastern Idaho. The Silver City Project is comprised of four mineral licenses totaling over 340 square kilometers (km2).


TSX:EXN - Post by User

Comment by Thales42on May 02, 2021 9:39am
136 Views
Post# 33110292

RE:RE:RE:Dafuq

RE:RE:RE:DafuqWhy such negativities from long time holders?!!  Paltosa mine operations are improving, and we have some encouraging drilling results from Platosa.  We do not talk about about increasing production in Platosa, which is also a possibility.

Remember that silver is the ONLY commodity that has not reach its peak in the recent commoditities cycle. Silver time will come. Remember that Exn was trading at $7-7.5 when silver was in mid- teens.  Silver at $30 should seel Exn trading doubling that.  Now is the time to accumulate. 

Going back to my previous posts, the key for the EXN future is how management will play out KIlgore.  I am very much for Exn developing KIlgore as a part of a Joint Venture effort with a seasoned Idaho-based miner. This option is up for grabs given the ressurgence of mining in Idaho.  Lt's face it - neither Exn nor Otis people on the Board are known to BUILD mines. They could be good in other areas, exploration, mining financing etc., but they are not seasoned mine developers and mine builders.  Common sense dictates that this task should be left to the Centeras, Heclas and other majors who are active in Idaho and are always on a look out for M&A to add to their resources. 

Same applies for the prospective Silver City.

As I said, now is the time for Exn to look out to add another producing or near-producing mine and that should be Exn priority.  Meanwhile Exn can fast track and develop Evolucion internally without diluting its shareholders.       
  


    




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