Excellon going forward
Based on statements from its 2 NR's last week(below) Excellon's CEO has been right about the San Pedro lawsuit not affecting Excellon operations and the company is actually doing quite well. Also, now that Kilgore has its 'Plan of Operations' approved by the USFS and with gold well over $1,800/oz, the Kilgore property is like having a lot of money in the bank. It could be optioned out or sold to a mining company in need of resources and/or would like to have a presence in the US and start further exploration immediately. This could bring in as much or more capital into Excellon then its current ridiculously low market cap of US$44 million! This should be more then enough money for Excellon to explore, discover and develop more mining operations on its Silver City and Mexican properties. IMO this is what Excellon should do. Like I stated before, Excellon's current value is many times higher than its current market cap with or without paying a lawsuit judgement. New discoveries like the one mentioned below, new favorable drilling results from Silver City and new Kilgore discoveries and/or selling/optioning it out would drive its value that much higher.
"As stated previously, we do not expect this judgment to impact any of our other assets, including Platosa, Kilgore, Oakley and Silver City or foresee any significant cash outflow from Excellon or San Pedro."
"Fifth consecutive quarter of over 21,000 tonnes mined and milled, with sizeable stockpiles of ore and concentrate at quarter-end that were processed and/or delivered in early October"
“Platosa continued to generate cash in Q3, which allowed us to realize our highest quarterly exploration expenditure since Q1 2013"
“We continue to drill with two rigs at Silver City and aggressively follow-up on the 817 Zone at Platosa, where we discovered a new, high-grade and vertical zone of mineralization". "We expect to release new results from 817 shortly.”
"We also had ore in stockpile representing approximately 58,000 AgEq ounces at quarter-end, which will contribute to Q4 sales.”
"the United States Forest Service ("USFS") has authorized Excellon's Plan of Operations for the Kilgore Gold Project"