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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 Jun 01, 2021 9:55am
152 Views
Post# 33302400

RE:RE:RE:Platosa

RE:RE:RE:Platosa
Thales, I meant to state I do not agree with your statement that  Platosa is a  'Zombie Miner'.  Like I stated previously, "I recall Excellon's CEO stating in one of his presentations that Platosa was just getting started. Significant discoveries made during Excellon's recent focus on drilling at Platosa, like the one  adjacent to its current underground mining operations  detailed at the 2 minute mark of Excellon's CEO interview on 14 Feb 2021, link below, along with other discoveries at Platosa described in pages 8-10 in Excellon's latest corporate presentation all in addition to Platosa's published  'Resource Estimate', give credence to his statement. Same could be said of Excellon's Evolucion Property, for which the company recently published its first ever Resource Estimate. Collectively, these resources are more than Excellon has ever previously reported from its Mexican properties and is growing as the current drilling in these areas is finding more discoveries. Overall, I do not think lack of mineral resources is Excellon's problem." 
The problem IMO, is that it has taken way to long for Platosa to generate positive cash flow to fund exploration. Now, 
thanks to higher metal prices, it looks like it is finally doing so. It now  needs to get to  between $10 and $15 AISC, like predicted in past years by its CEO, and things should start to change dramatically in a positive way for the company and its stock price.   
 
 
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