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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 silverforeveron May 18, 2021 9:35am
196 Views
Post# 33221104

RE:RE:EXN performance

RE:RE:EXN performance
Oliver. Don't underestimate Excellon's stock's ability to outperform most stocks.  Excellon's stock has a history of huge  moves up when the company is generating  profits from its mining operations and/or when investors  believe  profits are imminent, like during the implementation of the company's 'Optimization Plan' whos purpose was to reduce AISC.  If my memory serves me correctly, 6 times Excellon's stock price had increases of between 400 and 800% through its history, all happening without new discoveries. The winning formula was; lower AISC = higher profits= more money for exploration=a greater chance for discoveries=much higher stock prices. It may look gloomy now,  but once the mining operations start to generate consistent profits, which is almost inevitable at these high metal prices, the  big stock up moves of the past should repeat themselves.  Since Excellon's stock price and trading volumes are so low,  the next big move up in its stock price could be the biggest ever, especially if new discoveries  are made as Marine has pointed out. I think the large shareholders will see this as an opportunity and will force the required changes to Excellon's leadership and direction, which I summarized previously, to ensure this happens.   
 
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