Gold prices and Excellon Resources This week gold prices exceeded US$2,000/oz. Based on the Preliminary Economic Analysis(link below) completed for Excellon's Kilgore project alone, there are 961 million once's of gold resources indicated and inferred on the property. Implementing the PEA's recommended mining operations for Kilgore, Excellon would recover a net 558,700 oz of this gold over its 5 year mine life span or 111,700 oz of gold/year. With this mining operation AISC estimated to be US$832/oz and gold prices at US$2,000/oz, that equates to a net profit of $1,168/oz of gold and a net profit of US$130.5 million /year from its Kilgore mining operations alone. With the PEA estimating the Capital expenditures to be US$81 million for the mine, the mine would have less than a one year payback. Of course this isn't exact and does not include taxes, depreciation and other factors affecting ROI, but its probably not that far off. This also does not include additional Kilgore resources identified in last years or future drilling programs.