Excellon Resources Inc T.EXN

RE:RE:RE:RE:RE:RE:Silver flying !

[Thales42]

care to share with other Exn loyals how you arrived at your extrapolations, Michael?

Here is mine
 
Forward looking -2021
- annual production - 2.5 mill ounces silver equivalent
- average silver price  - $30
- revenues - $75 mill
- AISC  based on $20 - 50 mill
- CF - $25 mill
- FD shares - 32 mill
- CF/FDS -.78 ps

- SP at 5 times multiples - $3.9

- SP at 10 times multiples - $7.8

- SP at 15 times multiples - $11.7, but these multiples ought to be earned first; currently Kirkland Lake's valuation is at 11 times multiple

[OliverZ]

If we talk about 2021 , i think is not to much of wishfull thinking to expect AISC around 15$ I expect Nov.13 Nr. will come in around 19$ as the new energie contract was not in place for the whole quarter, but that will be the case for the 4th and behind wich will bring us to AISC around 15$. Also i am almost sure that we will see some effect that will come out of the drilling activitys next

[Thales42]

Good post, Oliver. I seccond with you said except for the day of Q3 financial release. Why Fiday the 13-th and not Tuesday, November 10-th instead?.  November 11th is a Rememberence Day in Canada and what better way for Exn to put to rest past under performance/ non delivery than coming up with a cash flow positive numbers? Positive Q3 financials in the week of November 9th followed by

[Thales42]

... 3761 grams per ton  would be roughly 121 silver ounces pere ton

[Oldguy67]

Thales Nov 13 for financials was in one of their recent news releases. I believe it actually said "on or before Nov 13".

[OliverZ]

Yes thats exact , i saw the same relaese

[Bakunin6]

Thales you have good brain. I was merely pointing out that in 2019 when silver was trading between $ 14 - 18 exn traded between $3 -4  ...That is a 50% discount. Adding in some decent prospects on the back of good drill results and I get $ 10 P.S. exn will fly soon

[Thales42]

LOL, Michael, my partner always says that I have bigger balls than brain before commenting that she would prefer the other way around. I think she may have a point - two weeks ago Exn tanked at $3CAD and I knew that this was the rock bottom.. and I did nothing to add more Exn shares.  Well, the good news is that the worse is behind for Exn and the share price should continue its assent.