Excellon Resources Inc T.EXN

Alternate Symbol(s): EXNRF

Metals & Mining Silver

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.

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Excellon Resources Inc > Excellon's Stock Price Target

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Comment by silverforeveron Jun 22, 2021 9:23am

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Post# 33426316

RE:Excellon's Stock Price Target

Excellon's stock has a history of huge up moves of from 400 to 800% very quickly when it is severely undervalued. The reason is because its float was/is so low that the stock price could easily fall to ridiculously low levels and that some catalyst would come along that got investors attention. The low float would then work to repel the stock price much higher very quickly. The last big move was 800% in 2016, took 6 months and the catalyst for the move up was Erics Sprott buying of Excellon's stock. These moves have been somewhat regular repeating about every four years, sending its stock price from one extreme to another. Real or perceived problems with the company tend to take the stock price way too low and prepare it for the next big leg up. IMO, this has now happened again to Excellon's stock price. It is again is now severely undervalued by historical measures with a market cap at a ridiculous $78 million. When I look at Excellon today as compared to Excellon from a financial point of view, it is much better off today than 2016, it has more assets now and its average AISC is much lower now than it was in 2016 when it was $33 and silver prices are much now. The company has more reported assets from its Mexican properties now than any time in its history. It did not even have Kilgore or Silver City. The Kilgore property alone may have a present value is arguably worth between $66 and $89 million alone based on the current market prices paid for similar gold bearing properties using a price target and average price paid for similar properties(refer to article link below). When Excellon gets a catalist for the move up, anything positive to get investors attention, the advance in Excellon's stock price might should be historic and even surprise me.

From a report on Excellon's purchase of Otis Gold

"We got news on Monday that Excellon Resources (EXLLF) would be stepping in to buy Otis Gold for US$17 million, at a price tag of $15.12/oz for the company's Kilgore and Oakley deposits in Idaho. The price paid per ounce in this deal was well below the 5-period moving average paid for gold juniors, which was at $85.73.