Value Microcaps Junior Miners

[checkmate28]

Excellon EXN EXLLF I rode this out of year end 2015 for a 10 bagger based on how I knew the Optimization program would turn around the sentiment and eventually the financial health of the company. In 2015, based on sentiment and current numbers alone, the market had them left for dead.

Sold most of my position in 2016 since I thought the comeback was overdone and a little early.

Truth is, Excellon is optimized NOW and this q3 report is way short of where they will be during the forth quarter.

Q3 financial numbers should be out shortly and I think the market will read them as very good. This bump will only be tip of the iceburg since there was much development ore mixed in and most of the quarter represented the dring up of the high grade areas allowing for the set op of a spectacular Q4

Its the italicized words below that tell the story!
https://web.tmxmoney.com/article.php?newsid=6283443849666446&qm_symbol=EXN

In late September, the Company accessed the Pierna Manto and the upper part of the 623 Manto.

The 623Mantos (2255 g/t AgEQ at 11 meters and growing)
https://web.tmxmoney.com/article.php?newsid=6283443849666446&qm_symbol=EXN


Development rates also increased significantly during the quarter with 269 metres of ore development (an 84% increase over Q2 2017 - 146 metres) and 292 metres of waste development (a 39% increase over Q2 2017 - 210 metres).

The Company is currently producing from multiple headings on the Rodilla Manto, Pierna Manto and the connection between the Guadalupe South and 623 mantos.

The connection is a new found 2000g/t ore that is right smack where they are mining now and thru Q4

These holes have successfully defined and infilled a 100 by 25 metre zone connecting and expanding the 623 Manto (M+I resources of 83,000 tonnes grading 1,866 g/t AgEq) and the Guadalupe South Manto, which is currently in production. These consistent high-grade, massive sulphide intersections average approximately four metres thick across the zone and range from five to six metres in the north, to approximately one metre on the southern edge. Significantly, this newly defined mineralization is near existing mine workings and may be accessed before the end of 2017.

Consider the large insider additions by Eric Sprott who has bought $1Million of EXN stock on the open market in the last 3 weeks

Checkmate28