Excellon Resources Inc T.EXN

Platosa

[Thales42]

Silver, prove me wrong and I will gladly accept it. Heck, I will be delighted with such an outcome.

You are relying on Exn representations whereas I am speaking from experience.

[OliverZ]

One funny thing is that Brendan was asked about the exploration buget for 2021 , he said it would be 10k$ and it would come out from Platosa !! do ii miss something ? maybe he thinks Silver will trade at 35$ for the rest of the year.

[Thales42]

I think 10K refers to 10,000 meters of drilling in Platosa only.  At current going rate of Cad $400 per meter,the Platosa exploration budget would be Cad$ 4 million which Exn can pay out of Platosa expected FCF. 

[silverforever]

Thales, I meant to state I do not agree with your statement that  Platosa is a  'Zombie Miner'.  Like I stated previously, "I recall Excellon's CEO stating in one of his presentations that Platosa was just getting started. Significant discoveries made during Excellon's recent focus on drilling at Platosa, like the one  adjacent to its current

[OliverZ]

Sorry for mistake, not 10k it is 10M$  bugdet