EXN.t EXLLF Excellon resources New Presentation Sept
Since I dont see production increases coming from current resource nor do I see them operating more efficiently than they already are, either of 2 things need to happen.
Either Silver needs to raise, or they need to expand the available resource and continue proving out the CURD discovery.
They are cash flowing well now, even with these low silver prices. They are restarting exploration with a 10k meter drill program paid from their cash.
Slide 17
SEISMIC SURVEY 2D test survey over known mantos – results pending
3D survey to identify potential manto targets – upcoming
MANTO DRILLING Discover new mantos using seismic data
– potential to dramatically increase Platosa mine life
They have one of the best BOD with Peter Crossgrove and on the exploration side, there is nobody that knows this area better than
Peter Megaw. If they find the CURD source, which the company says HAS to be their, Excellon value will be highly elevated. As for now, while we wait, we have to suffer with probably the most efficient 2+ million oz Silver producer out there with a miniscule MC of $70 M
Still a good entry but Dr Air pointed out, the best short term entry being about 1.15 just passed.
Checkmate28
