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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 an epithermal gold deposit which covers over 6,788 hectares, located in Clark County, Southeastern Idaho. The Silver City Project, a high-grade epithermal silver district in Saxony, Germany totaling over 340 square kilometers (km2). The Company also has an agreement to acquire the past-producing Mallay Silver Mine and Tres Cerros Exploration Project in Peru.


TSX:EXN - Post by User

Comment by silverforeveron Dec 30, 2024 10:34am
103 Views
Post# 36380759

RE:RE:RE:RE:Updated 'Corporate Presentation' on Excellon's website

RE:RE:RE:RE:Updated 'Corporate Presentation' on Excellon's websiteI am just stating facts, you can draw your own conclusions. Also, If the Mallay Mining purchase is a good deal, Excellon's stock price would have probably gone up when it was announced. But it did not and even if it did/does, the gain's will be muted due to Excellon's massive stock dilution. As pointed out, Excellon had about 20 million shares outstanding with a market value of C$200 million in 2018. Even if Excellon's market value was able to get back to 200 million, its share price would only be C$1.47 at its current 136 million shares outstanding, a fraction of the C$10 it was in 2018. Excellon's market value would have to go up to C$1.36 billion just for many of its shareholders to get their original investment back! The ones who gained from all this are insiders and others who were given or paid next to nothing for Excellon's stock.  Excellon's history has also shown that even with an active mine producing some of the highest grade silver, Platosa, Excellon had over 10 consecutive years of financial loses. Excellon adding another mine, as great as it may be, will not change the final outcome based on Excellon's past. Will this change with some of the same people still involved? We shall see.
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