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Bullboard - Stock Discussion Forum Excellon Resources Inc. T.EXN

Alternate Symbol(s):  EXNRF

Excellon's vision is to create wealth by realizing strategic opportunities through discipline and innovation for the benefit of our employees, communities, and shareholders. The company is advancing a precious metals growth pipeline that includes: Kilgore, an advanced gold exploration project in Idaho with strong economics and significant growth and discovery potential; an option on Silver City... see more

TSX:EXN - Post Discussion

Excellon Resources Inc. > big victory to unlock the value
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Post by frankthetank007 on Apr 03, 2023 10:39am

big victory to unlock the value

This is so big for the company as it now free's up Platosa to ship ore to La Negra mine to mix in with the existing mine ore.  Would be smart for the company to sell one of their other projects as Mexico is so much closer to production then any of the other 3 projects. SHould see a re rating of the stock once LaNegra closes.  La Negra was Aurcana's cash pig last precious metal bull run and if they combine the Platosa ore with the non unionized miners we could be profitable by the end of the year.  Can't believe EXN looks like its getting through its dark ages time
Comment by silverforever on Apr 06, 2023 2:09pm
 I agree. Platosa and LaNegra would both be making some serious money at $30 to $50/oz that may be coming soon per link below. Platosa mining operations could be started up quickly, La Negra mining operations would follow.   https://blog.smartmoneytrackerpremium.com/2023/04/silver-setting-up-for-a-run-to-30-and-maybe-50.html  
Comment by frankthetank007 on Apr 11, 2023 10:33am
They would need to start up La Negro mill to restart Platosa.   I owned Aurcana gold and silver when they had the LaNegro mine operating and it was a cash machine back in the 30 dollar silver days.  IF we can combine the platosa and La Negro ore we could have a lot more production then we had before like double the production.  They actually could make money this time not like ...more  
Comment by silverforever on Apr 13, 2023 11:00am
If Silver prices were in that range, I would think Excellon would be able to use third party mill to process Platosa metals like it did pre Silver Eagle purchase and still make a good profit before La Negra startup.
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